News
- Home
- Investment Company News
- Miton Global Opportunities to put three proposals to shareholders
Miton Global Opportunities to put three proposals to shareholders – Miton Global Opportunities (MIGO) has announced that it will put three proposals before shareholders at a general meeting to be held on 5 October 2018 at 11.45 a.m.
Change the Articles so that the form of the Realisation Opportunity currently contemplated can be amended to provide the company with additional flexibility
Approve the form of the 2018 Realisation Opportunity, which provides Shareholders with the option to either:
Amend the index referenced in the company’s investment objective and, as a consequence, the index used to calculate performance fees potentially payable, in certain circumstances, to Miton, the investment manager.
The company’s current objective is “to outperform Sterling 3 month LIBOR plus 2% (the interbank lending rate) over the longer term, principally through exploiting inefficiencies in the pricing of closed-ended investment funds such as investment trusts.” Miton are proposing to change the reference benchmark to Bank Of England’s Sterling Overnight Index Average (SONIA). For more information on SONIA, please click here
MIGO : Miton Global Opportunities to put three proposals to shareholders
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated