Royal London UK equity & income trust

Interesting AGM today when the board came under questioning from several shareholders.
It became clear that if the trust winds up before 2021 the Annuity shares will be paid more than 75p. eg if wind up in 2008 the Annuity shares will collect 95/96p! Small print in the prospectus.
RLAM asset managers are performing very well, particularly on the bond front.They are strong on pref shares, BBB and A rated bonds rather than AAA or AA rated bonds.Still 70% of funds in equities and expect large caps to do well in 2006.RLAM look a strong and effective team.

regards
Linhur