India Capital Growth will hold an extraordinary general meeting on 12 June 2020, in Guernsey, where shareholders will be asked whether they want the fund to continue.
The board undertakes a performance assessment every three years and a vote on the trust’s continued existence is put to shareholders only in the event that either of the following criteria are met:
- the company’s monthly average market capitalisation million over the past year is below £30m; or
- the company’s published diluted NAV per ordinary share has underperformed the benchmark by more than a cumulative 5% over the previous three years.
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