Jupiter Green Investment Trust to be Wound Up and Liquidated
Why we think this is neutral
The RNS announces that the Board of Jupiter Green Investment Trust has determined that it is in the best interests of all Shareholders to liquidate the Company. While this is a significant event, the Proposals provide Shareholders with options to either roll over their investment into Jupiter Ecology Fund or receive cash, which mitigates the negative impact. The RNS does not contain any major red flags or concerning insights, and the overall information provided appears to be comprehensive and transparent.
Key Points
- Jupiter Green Investment Trust to be wound up and liquidated
- Shareholders can choose to roll over investment into Jupiter Ecology Fund or receive cash
- Costs of implementing the Proposals will be borne by all Shareholders
- Board determined this is in the best interests of all Shareholders
Summary
The Board of Jupiter Green Investment Trust has determined that it is in the best interests of all Shareholders to liquidate the Company. Under the Proposals, Shareholders will be offered the opportunity to roll over their investment into Jupiter Ecology Fund, an authorised unit trust, or to receive cash in respect of their investment in the Company. The RNS provides details on the Proposals, the Conditions of the Scheme, the Benefits of the Proposal, the Mechanics of the Scheme, and the Expected Timetable.