The JPMorgan European Discovery trust has unveiled two tender offer proposals ahead of its annual general meeting next month.
The first tender offer will be for up to 15% of the issued share capital of the company, excluding shares held in Treasury. It will run on a tender price equal to a 2% discount to the prevailing net asset value per share as at the calculation date, and will exclude the costs of implementing the tender offer. NextEnergy Solar fund NAV drops 8.4% amid reduction in power price forecasts The trust currently holds £863.3m in total assets with a market cap of £656.3m, according to data from the Association of Investment Companies. The second proposal is for a performance-related tende...
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