Continuation votes are back on the agenda as investment trusts aim to appease investors
With Saba Capital having turned the spotlight on a handful of underperforming investment trusts, there is now a wave of activity as other trusts look for ways to reduce the persistent discount to NAV (net asset value) which has dogged the asset class.Some have introduced 'discount control' mechanisms, others have launched share buybacks, and some have announced they will hold a 'continuation vote'