The board of the £66m Seneca Global Income & Growth trust plans to introduce a discount control mechanism next year to regulate the trust's share price.
The board of the Seneca Global Income & Growth trust has announced plans to introduce the new policy at its next annual general meeting in July 2016. The use of discount control mechanisms has become more popular over recent years, with more trusts implementing them to tackle volatility and shareholder concerns. However, some analysts have questioned whether this move is always the best option for investors, as share price volatility can be an advantage of closed-ended fund investing. Are DCMs taking the fun out of investment trusts? The Seneca trust's discount has narrowed by in...
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