IN BRIEF: Schroder British brings forward wind-up resolution
Schroder British Opportunities Trust PLC - London-based public and private investment trust focused on small to mid-cap UK companies - Announces proposal to materially change its investment policy to focus entirely on private equity investments. Says that most of its portfolio's positive performance since initial public offering has come from private equity investments, while the public equity ones have detracted from overall net asset value performance, a 13.44% total return since IPO, amid "difficult market conditions". Expects public equity investments to be transitioned to cash, equivalent investments and other instruments pending reinvestment into private equity, and expects to be fully deployed in private equity investments by the end of 2026. Read More