Finsbury Growth & Income

Issuing More Shares in Investment Trusts – Finsbury Gr. & Inc. et al

Now that many investment trusts trade at a premium to their net assets value, it has become commonplace for them to issue more shares so as to "meet demand" as they tend to say. The latest example of this is at Finsbury Growth & Income Trust Plc (FGT) which is one of the better performing trusts. Other examples of those who do it regularly are City of London Investment Trust and City Merchants High Yield Trust. In the case of  Finsbury they ...
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