Summary
ALMOST one third of split capital investment trust investors eligible for compensation look likely to miss the final deadline for claiming redress.
Only days before the cut-off for claims, the company administering the compensation scheme, Fund Distribution Limited (FDL), has received 30,000 applications, about 20,000 short of the number of forms it sent out, and considerably less than the total sent out from brokers and nominees that sold the shares.See the full content of this document
Extract
Deadline Looms for Split Cap Victims
Splits are investment trusts with more than one type of share. Some trusts have a long and solid track record. But a strin...
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