Gresham House Energy Storage fund lowers management fee
New fee arrangement ‘better reflects current market conditions and investor sentiment’
New fee arrangement ‘better reflects current market conditions and investor sentiment’
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Board had proposed rolling the trust into the open-ended Baillie Gifford Positive Change fund
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The trust’s double-digit discount remains “a concern” for the company’s board
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Final £28.6m payment was made this week
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Shareholders raised concerns over the size and liquidity of the trust following its 2024 redemption point
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Shareholders will be eligible if the trust underperforms its benchmark between 29 November 2024 and 30 November 2028
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Investment manager says the trust’s opportunity set is ‘less attractive’ than it has been in the past
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Three fund managers on stocks that are whetting their appetite
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Decision voted on at JLEN’s AGM on 13 September
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Had proposed a capital raising of £110.5m at the end of June to pay back its debt
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MPC voted 5-4 in favour of a 25bps cut
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Baroness Bowles’s Listed Investment Companies Bill will be heard on 5th September
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