(Alliance News) - Martin Currie Asia Unconstrained Trust PLC was cancelled from the London Stock Exchange amid an ongoing reconstruction of the closed-ended investment firm.
In July, Martin Currie Asia Unconstrained proposed to reconstruct the company by entering voluntary liquidation and undertaking a tax efficient rollover of its assets into an open-ended fund managed by Martin Currie Investment Management Ltd.
Investors were given the option of a 421 pence per share cash exit from Martin Currie Asia Unconstrained, or for each share to be converted into 4.240 shares in the new open-ended fund which would be managed on the same strategy as the trust.
On Monday, Martin Currie Asia had its shares cancelled from trading on the LSE. This was after the rollover took effect in late September.
By Ahren Lester; ahrenlester@alliancenews.com
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