Mepit buys back...again
Article Abstract:
Mercury Asset Management is carrying out a stock buyback for its European Privatisation Investment Trust (Mepit). Mepit's discount has been reduced from a high of 24%. A buyback was carried out in Dec 1995 when the discount was 19%. The buy-in allowance is to rise by 76 million stocks and this could make the ordinary share capital 30% less than at the start of the trust. Mepit's investment performance has been good and it has been popular with investment trust analysts.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Kepit come-ones
Article Abstract:
Kleinwort European Privatisation Trust (Kepit) is to be wound up. Some shareholders have exchanged their Kepit shares for cash. Fund managers are offering lower charges to these shareholders for other European and privatisation trusts. Guinness Flight and Fidelity are among managers offering such deals. Shareholders in Kepit should not make investment decisions simply because special offers are available but should assess the fund's track record.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Battle stations at Kepit
Article Abstract:
Kleinwort European Privatisation Investment Trust (Kepit) has attracted 10 bids from investment managers seeking to control the trust's assets. The trust was well marketed but has not performed well for investors. Shareholders could decide to sell to TR European Growth, or they may decide to stay with Kepit. Kepit's performance could improve, aided by factors such as looser German monetary policy and privatizations in France and Italy.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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