Gresham House Strategic will be wound up and the cash returned after 93% of shareholders voted in favour of the resolution at a requisitioned general meeting this afternoon (15 December).
The £65.5m trust has been embroiled in a saga, which has stretched over several months, between the board of the trust and the former investment manager Gresham House. Simon Pyper, interim chair of the trust, said: "We have today asked shareholders to approve plans for a managed wind-down of the company, and a return of capital, as the board set out in our notice of general meeting two weeks ago." The process for the return of capital will take place over 24 months, with an initial return of "B Shares" expected to be paid out by the end of December. Record fundraising year for in...
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