In a stock exchange notice today (23 January), the board of TENT said that the liquidation of the trust will entail an initial cash distribution of approximately £43m, or 42.99p per share.
If the liquidation is approved by shareholders, TENT’s shares will be fully removed from trading on the London Stock Exchange at 8:00am on 25 February, with plans to fully wind down the trust by the final quarter of 2026.
Over 90% of UK investment trusts ended 2024 on a discount
However, if TENT’s liquidation is not approved, the board will put forward a £42m tender offer to buy back the sha…
