Anthony Bolton's Fidelity China Special Situations trust could be set to issue more shares after the company's price widened to a 13% premium over NAV.
The trust's shares were trading 6.2% over NAV at 30 September, but strong investor demand more than doubled the premium in October. In contrast, the JPMorgan Chinese investment trust is trading at a 2.35% premium to NAV. "Due to the consistently high levels of market demand, the shares of the company are currently trading at a significant premium to their net asset value," Fidelity China Special Situations trust says. "The board are therefore currently considering ways in which this demand can be satisfied." Fidelity China Special Situations introduced a block listing facility i...
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