The Jupiter Green investment trust is shutting down, after the board announced it will propose a scheme of reconstruction and voluntary liquidation to shareholders amid challenges posed by the “structural nature of the company's challenges”.
As part of the liquidation process announced today (19 December), shareholders can choose either to roll over their investments into units in the Jupiter Ecology fund, or to opt for an uncapped cash exit at a modest discount to net asset value. James Carthew, head of investment companies at QuotedData, criticised the board's offer to clients, stating "why should investors wanting their own cash back be penalised by getting less than 100% of NAV after costs? Shareholders should complain to the board about this". Outlook 2025: What next for investment trusts according to the AIC, Winter...
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