Oversubscribed European Opportunities tender offer results in 0.7% NAV boost to remaining shares

In a regulatory filing today (31 January), the trust noted that 38% of registered shareholders had tendered 57.3% of total issued shares, resulting in excess applications requiring a pro rata payout. A fifth of shares (20.2%) were tendered under applications met by basic entitlement, which will be paid in full, while a further 37.1% of shares were tendered in excess of this entitlement. For those remaining shares, applications will be met on a pro rata proportion pursuant to the tender offer. The tender price was 98% of net asset value, with the 2% discount resulting in an uplift to N...