Trust under shareholder pressure

Thursday 26 October 1995 00:02 GMT

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Trust under shareholder pressure

Disgruntled shareholders in the Throgmorton Preferred Income Trust have asked the trust's managers not to make any further investments, following what they consider to be the poor performance since its launch nearly two years ago. The shareholders have requisitioned an extraordinary general meeting at which they intend to call for the resignation of the current directors.

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