GRIT investment trust has temporarily suspended its shares on the London Stock Exchange, as it is currently “unable to meet its ongoing obligations as a closed-ended fund".
In a stock exchange filing today (20 March), the trust said its investment policy no longer satisfies the requirement to invest and manage its assets in a way consistent with its "object of spreading investment risk". abrdn Property Income sells two assets for £16.5m as Custodian shareholders vote in favour of merger The suspension will be lifted if GRIT decides to continue as a closed-ended investment fund and when it has submitted any proposed material change to its investment policy to the Financial Conduct Authority for approval, and following shareholder approval, it explained. ...
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