MANCHESTER AND LONDON INVESTMENT TRUST PLC
(the “Company” or “MLIT”)
25 June 2020
Shareholder Benefits
The company owned two centre court debentures which were the
subject of an annual draw that shareholders owning more than 2,500
shares could win.
After the AELTC cancelled the competition this year, the Manager
consulted with a number of Shareholders as to whether it would be
better to sell the Debentures and cease providing this shareholder
benefit. A majority of respondents agreed that the benefits
were now potentially outweighed by the costs (including risk of
cancellation and further waves of Virus outbreaks) and so the
Debentures have been sold.
This shareholder benefit will not be offered in future
periods.
Proceeds from the sale will be reinvested in the portfolio.
For enquiries:
Manchester and London
Investment Trust
PLC
0207 584 5733
M&L Capital Management
Limited
0207 584 5733
LEI: 213800HMBZXULR2EEO10