Invesco Perpetual Recovery Trust wound up

The Invesco Perpetual Recovery Trust 2011, a split cap vehicle, has been wound up today.

The board of the trust posted a notice of deletion from the FTSE All Share and FTSE Fledgling indices yesterday while the manager, Ian Carstairs, has been building up the fund's cash position to ensure investors receive back their investments from the £29.8m trust. The fund was created in 2005, a rollover from an existing vehicle the Recovery Trust 2005, with a planned six-year lifespan. It attracted £18.8m of new money to grow to £35.6m, Investment Week reported at the time, to invest in zero dividend preference shares and ordinary shares offering recovery prospects. At the end of Se...