Pollen Street eyes exit from investment trust sector

Switch to commercial company

Pollen Street has asked shareholders to vote on a proposal that would see it leave the investment trust sector and relist as a commercial company.

Pollen Street was created via the merger of the Honeycomb trust with its investment management firm Pollen Street in October 2022. Honeycomb trust combines with Pollen Street The trust will hold a general meeting on 11 October seeking shareholder approval to turn Pollen Street into a commercial company, effective from Q1 2024. Shareholders would see their shares in the trust exchanged for the same number of shares in the holding company, meaning they would receive premium segment shares in the commercial company in place of their premium segment shares in the investment trust. A...