AIC rule change to make it easier for investment trusts to grow


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Originally published at: https://whichinvestmenttrust.com/aic-rule-change-to-make-it-easier-for-investment-trusts-to-grow/

Trust Boards will be able to grow by up to a fifth before issuing an expensive prospectus in a move that is hoped to make them more cost effective to manage. The AIC (Association of Investment Companies), which is the industry trade body, has confirmed that the maximum threshold for issuing new shares, which investment…