In its annual outcomes for the yr ended 30 April 2024 printed at this time (14 June), BGUK mentioned that, on account of three years of underperformance, its board determined to decide to a young provide.
This may occur if, within the 5 years to 30 April 2029, BGUK’s web asset worth per share complete return doesn’t equal or exceed the FTSE All-Share index, to which it’s benchmarked in opposition to. In that case, shareholders could be allowed to exit the fund in full at near NAV per share.
The belief famous, nonetheless, this may solely occur if shareholders vote for the continuation of the automobile on the upcomi…
