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Shareholders accounting for 10.8% of the issued share capital want to participate in an annual redemption offer
Thursday 12 Apr 2018 Author: Daniel Coatsworth

A surprisingly large number of investors have requested to exit Miton UK Microcap Trust (MINI) as part of it is annual redemption offer.

The investment trust says investors accounting for 10.8% of its share capital have asked to cash in all or part of their holding at net asset value (NAV) less costs, significantly higher than the 1.12% figure from a year ago.

Investment trust experts at stockbroker Numis say Miton UK Microcap Trust’s performance has been ‘respectable’ since launch three years ago, however they note the performance has lagged the FTSE AIM index since markets started to recover following the Brexit vote sell-off in June 2016, with NAV total returns of 33% compared with 46% for the benchmark.

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