The Board of the Lazard World Trust Fund* (WTR) has proposed that the Fund acquire shares from shareholders, by way of a tender offer, up to 10% of the Fund’s issued share capital at a 2% discount to NAV, less the costs and expenses of the tender offer. In addition, the Board proposes to change its dividend policy to pay a yearly aggregate dividend per share, subject to regulatory approval, amounting to 3.5% of the NAV per share of the Fund at the start of each financial year. At the su
29 Jun 2016
Proposed tender offer, changes to dividends and benchmark.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Proposed tender offer, changes to dividends and benchmark.
Lazard World Trust Fund (WTR:LON) | 0 0 (-1.5%) | Mkt Cap: 135.2m
- Published:
29 Jun 2016 -
Author:
Saumya Banerjee -
Pages:
4
The Board of the Lazard World Trust Fund* (WTR) has proposed that the Fund acquire shares from shareholders, by way of a tender offer, up to 10% of the Fund’s issued share capital at a 2% discount to NAV, less the costs and expenses of the tender offer. In addition, the Board proposes to change its dividend policy to pay a yearly aggregate dividend per share, subject to regulatory approval, amounting to 3.5% of the NAV per share of the Fund at the start of each financial year. At the su