India Capital Growth continuation vote

India Capital Growth will hold an extraordinary general meeting on 12 June 2020, in Guernsey, where shareholders will be asked whether they want the fund to continue.

The board undertakes a performance assessment every three years and a vote on the trust’s continued existence is put to shareholders only in the event that either of the following criteria are met:

1. the company’s monthly average market capitalisation million over the past year is below £30m; or
2. the company’s published diluted NAV per ordinary share has underperformed the benchmark by more than a cumulative 5% over the previous three years.

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