European Convergence Development Property has published its results for the year ended 31 December 2013. Its net asset value fell during that time to €0.2883 (down from €0.3010). One of its investments delisted after the year end and another was written down to zero. The Board has concluded that shareholders have no appetite for the fund to continue to make investments and will now ask them to approve a shift in the investment policy towards liquidating the portfolio and also delisting its shares from AIM.
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