Wealth Preservation
Under that title Daily Telegraph "Quester" looks at Trusts cosidered as suitable for this aim
the Trusts are. PNL. CLDN. CGT RCP. BMG
Caledonian has much larger discount at -31%. this would make it attractive as a buy however there will be some reason for this apparent anomaly. Can anyi one comment on this situation please?
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The private equity exposure of Caledonis is held to be the major reason for the substantial discount to NAV. RIT gets a similar billing. If you hold a quality investment trust for the longer term (you should, particularly if it pays you an attractive and increasing dividend that beats inflation) this is opportunity not a source of concern. This might be how the Cayzer family think too, but if it is not, one imagines some attempt to narrow it might emerge, as has been the case in the past.