23rd Aug 2023 12:01
(Alliance News) - Momentum Multi-Asset Value Trust PLC on Wednesday said it has voted for the voluntary wind-up of the company, as well as the appointment of liquidators at its second general meeting.
The London-based investment trust had proposed to liquidate the company through a reconstruction scheme back in May.
Under the proposed terms of the scheme, shareholders would be able to roll over their investments into the VT Momentum Diversified Income Fund, which is an open-ended fund that is managed by Momentum Global Investment Management Ltd.
Another option for shareholders was to receive cash regarding their investment in Momentum Multi-Asset Value Trust, or a combination of both.
Shares in Momentum Multi-Asset are currently suspended.
By Sabrina Penty, Alliance News reporter
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