F&C UK Select Trust

Phil Doel

Recommended proposals for the reconstruction and winding up of the Company (PDF)

Planholders will be offered (where applicable) the opportunity to either rollover all of their UK Select holding into shares in the UK Opportunities OEIC Fund or to elect for a full cash exit at close to net asset value, with the option to reinvest this amount into another investment trust. 

Full details of the OEIC fund being offered are available in the Prospectus below.

UK Opportunities Simplified Prospectus (PDF)

A mailing was sent to all planholders that hold UK Select shares asking them to vote on the Proposals to liquidate the trust and return election forms to confirm what they would like done with their shares should the Proposals be approved.  These were approved on 23 June 2010 and the results of shareholders' entitlements can be download below.

Shareholders' Entitlements Under The Scheme (PDF)

The primary aim of F&C UK Select Trust is to provide capital growth in excess of the FTSE All-Share Index by investing in a diversified portfolio of high quality UK equities.

This is achieved by investing in a concentrated portfolio containing 25 of the managers’ high conviction ideas, each being broadly equally weighted.

A strict rebalancing discipline is enforced, meaning that positions will be trimmed back or sold to lock-in profits, or if they appear to be underperforming.

F&C UK Select Trust plc is an investment company within the meaning of Section 833 of the CompaniesAct 2006. Registered in Scotland, Company Registration No. 143888.  Registered Office: 80 George Street, Edinburgh EH2 3BU.

Highlights

• UK equity exposure with the aim of capital growth

• Concentrated portfolio containing 25 of the Manager's high conviction ideas

• Diversified portfolio exposure
  

Aim

To achieve capital growth for ordinary shareholders by investing in a portfolio of UK equities with potential for above average capital growth.