The Board of Smithson Investment Trust plc has announced proposals for a Scheme of Reconstruction and members` voluntary winding up of the Company, pursuant to which Shareholders would have the option to roll over their investment in the Company into Smithson Equity Fund, a UK OEIC established in conjunction with the Scheme that would be managed by Fundsmith LLP, or elect to receive cash.
Under the Proposals, which are conditional upon the approval of Shareholders, each Shareholder eligible to receive Fund Shares pursuant to the Scheme will be entitled, in respect of some or all of their Shares, to:
1. Receive class S accumulation shares in the Fund (the Rollover Option)
and/or
2. Elect to receive cash (the Cash Option)
If you do not make an election you will be deemed to have elected for the Rollover Option in respect of your entire holding.
Please advise the Corporate Action Department only if you wish to make a Cash Election no later than 4th February 2026. You may contact us either by letter, telephone or email as detailed below quoting ‘Smithson Investment Trust’ in the subject box.
Corporate Action Administration
Direct Line – 0161-819-4850 | Email: caisa@pilling.co.uk