Chrysalis faces shareholders with continuation and fee votes set for March

Deferred fee agreement

Chrysalis Investments is due to face its first continuation vote at its next annual general meeting on 15 March, which will coincide with an extraordinary general meeting to consider management and performance fee changes.

In a London Stock Exchange notice published today (29 January), the trust confirmed shareholders will be able to vote on whether the firm should continue its business as a close-ended investment company. If the vote passes at this AGM, the directors will put further continuation votes to the shareholders every three years, as set out by the firm's IPO. Chrysalis eyes 4.1% net asset value uplift from 'likely' portfolio holding sale The notice included a rationale for continuation, explaining that the board believes the company has demonstrated its ability to invest in several "fast ...