Pressure is mounting on the board of Vietnam Enterprise Investments (VEIL) to address its perpetual wide discount as a significant chunk of shareholders voted to wind up the trust.
In the outcome of its annual general meeting, 41% of shareholder turnout voted in favour of a resolution to wind up VEIL, contrary to the board's recommendation. The board said that most of the votes in favour "were centred on a small number of sizeable shareholders" and added that it "commits to consult with relevant shareholders in order to understand the reasons behind their voting decision". Over 90% of UK investment trusts ended 2024 on a discount Following this, an update will be provided within six months, as per the Association of Investment Companies'(AIC) Code on Corpora...
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