Seneca Global Income & Growth Trust has announced that it has submitted a blocklisting application for 3,989,636 new ordinary shares (10% of the trust’s existing share capital). The trust says that block listing will be used for the purposes of operating its discount (and premium) control mechanism policy, details of which were announced on 10 June 2016 and are included in the trust’s annual report and accounts for the year ended 30 April 2016. It is expected that this block listing will become effective at 8.00 a.m. on 20 June 2016. The new discount control policy is expected to be introduced following the Trust’s AGM on 7 July 2016.
Seneca Global Income & Growth Trust prepares to launch its zero discount policy : SIGT