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Your vote counts: the investment trust AGMs in October 2023

Kepler Trust Intelligence highlights investment trust AGMs taking place next month.

27th September 2023 11:58

by David Kimberley from Kepler Trust Intelligence

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As we head into autumn, another month of investment trust annual general meetings (AGMs) lies ahead.

October tends to be quieter than the post-summer holidays spike we see in September, with only nine investment trusts holding their AGMs next month.

However, the most notable corporate action taking place next month is a continuation vote for Hipgnosis Songs Ord (LSE:SONG), the music royalties fund. Investors will be asked to support plans aimed at turning around its performance or winding down the company. A date has not yet been announced for the AGM, but it is expected to take place next month.

AGMs are a good opportunity to hear from the people managing your investments and, given that interactive investor has shareholder voting options for AGMs in its app, also provide you with the opportunity to make your voice heard as a shareholder.

Below is a run through of three of the AGMs taking place next month.   

Henderson Smaller Companies Investment Trust

As the same suggests, Henderson Smaller Companies (LSE:HSL) Investment Trust invests in UK small-caps, an area of the market that’s attracted some attention over the past few months given the comparatively attractive valuations in the market.

HSL shareholders will have a few things to vote on at next month’s AGM, most notably the approval of a new board member and approvals to manage the trust’s discount via share buybacks and issuance.

Perhaps most importantly for shareholders is the vote on approving a final dividend for the year.

The trust is one of interactive investor's Super 60 investment ideas.

Invesco Select Trust

Invesco Select Trust is one of the more unique investment trusts trading on the London Stock Exchange today, as it is comprised of four share classes. Each class gives investors exposure to a different portfolio and investors can switch between them without realising a capital gain.

The key votes for the trust next month will be on reappointing its board, but also approving dividends for two of the trust’s share classes.

Mid Wynd

The global equities trust has been in the headlines over the past few months, with the board deciding to switch management of the trust from Artemis to asset management group Lazard.

The key vote for shareholders next month will be on the ability for Mid Wynd International Investment Trust (LSE:MWY)’s board to buy back shares to manage the trust’s discount.

Trust name

AIC Sector

AGM Date

Invesco Select Balanced Risk Allocation (LSE:IVPB)

Flexible Investment

02/10/2023

Invesco Select Global Equity Income (LSE:IVPG)

Global Equity Income

02/10/2023

Invesco Select Trust - Managed Liquidity

Liquidity Funds

02/10/2023

Invesco Select UK Equity Ord (LSE:IVPU)

UK Equity Income

02/10/2023

Henderson Smaller Companies Ord (LSE:HSL)

UK Smaller Companies

05/10/2023

Henderson Diversified Income Ord (LSE:HDIV)

Debt - Loans & Bonds

09/10/2023

Diverse Income Trust Ord (LSE:DIVI)

UK Equity Income

17/10/2023

Pantheon International Ord (LSE:PIN)

Private Equity

19/10/2023

abrdn New Dawn Ord (LSE:ABD)

Asia Pacific

23/10/2023

Mid Wynd International Inv Tr Ord (LSE:MWY)

Global

26/10/2023

Aberforth Split Level Income Ord (LSE:ASIT)

UK Smaller Companies

30/10/2023

City of London Ord (LSE:CTY)

UK Equity Income

31/10/2023

These articles are provided for information purposes only.  Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties.  The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.

Related Categories

    Investment TrustsSuper 60AIM & small cap sharesBonds and giltsUK sharesJapan

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