Circular sets out proposed managed wind-down

SDCL Efficiency Income Trust (SEIT) published a circular setting out the proposed managed wind-down and a general meeting for 10 July 2026. Shareholders are being asked to approve three resolutions: adoption of a wind-down Investment Objective and Policy, cancellation of the share premium account to create further distributable reserves and removal of the Continuation Vote provisions. Resolution 1 is an ordinary resolution, while Resolutions 2 and 3 are special resolutions; Resolution 3 is conditional on Resolution 1. The share premium cancellation also requires court sanction. If approved, SEIT will stop making new investments outside the existing portfolio and focus on orderly realisations, balancing timely cash returns and value. Proc...