News Column

Aurora Investment To Identify Future Of Trust As Manager To Retire

July 18, 2014

Hana Stewart-Smith

LONDON (Alliance News) - Aurora Investment Trust PLC said that it will identify the future for the trust which would provide an exit for shareholders at around fair asset value, in a statement Friday, as the trust manager indicated plans to retire.

In a statement at its annual general meeting the company said the trust manager plans to retire within the next three years. It added that, in the meantime, it has agreed with the manager that beyond this time next year, it will only make investments in FTSE 100 stocks or stocks of equivalent liquidity.

Shares in Aurora were trading down 0.9% at 160.03 pence Friday afternoon.

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Source: Alliance News

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