Aquila Energy Efficiency poses managed run-off following failed continuation vote

As part of the trust's annual results published today (2 May), chair Miriam Greenwood noted the continuation vote had failed on 28 February 2023, largely due to the "relatively small size of the company", "lack of liquidity in the shares" and the share price discount to net asset value. Aquila Energy Efficiency investors vote against continuation According to the results to 31 December 2022, the discount had widened considerably over the 12 months, from a 1.7% discount in 2021 to 25.4% at year-end. The ongoing charges had also raised significantly, up to 2.6% in 2022 from 0.9% in 2...