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- Cayenne publishes reconstruction / winding up proposals
The Cayenne Trust has published its reconstruction / winding up proposals – fleshing out the ideas announced in mid-September.
Under the Proposals, shareholders are entitled to roll over their investment in the Company into F&C Managed Portfolio Trust choosing either the Income portfolio, Growth portfolio or both. The other option is to elect for cash – and again they can mix this option with an election for F&C Managed Portfolio if they like.
The new F&C Managed Portfolio shares will be issued at a premium to NAV of 1% unless the value of the shares rolling into the fund exceeds £5m in which case the premium shall reduce towards 0.75%
The default option is 50 : 50 Income portfolio and Growth portfolio shares.
TCT : Cayenne publishes reconstruction / winding up proposals
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