Valu-Trac Investment Management Ltd, who is the Authorised Corporate Director (ACD) of the VT Garraway Absolute Equity Fund, has suspended dealing of shares in this fund pending its closure. This means it is no longer possible to buy or sell its shares.
The ACD took the decision to suspend the dealing of shares in the fund to ensure an orderly wind-down is possible so that money can be returned to investors in a controlled fashion.
Who are Valu-Trac Investment Management Ltd?
Valu-Trac Investment Management Ltd is the Authorised Corporate Director (ACD) of the VT Garraway Absolute Equity Fund.
Why is the fund closing?
The ACD decided to close the fund after assessing that it was no longer commercially viable. The commercial viability of the Fund was challenged by redemptions / redemption requests, which means a significant number of investors were selling their shares in it.
What will happen to my investment?
The decision to close the fund means the ACD will be able to try and protect investors from suffering the effects of increased ongoing charges following any redemptions and to ensure an orderly wind-down is possible to allow money to be returned to investors in a controlled fashion.
Can I sell my shares?
How much of my investment in this fund will I get back?
Following the FCA approval, the underlying investments of the Fund will be sold and the proceeds returned to you as soon as possible thereafter.