The performance fee is quite high on this trust though, and the discount may not reach par.
Its history is interesting though - check out the discount early 2020. This is where I think Trusts show value - the prices overstate market movements so if you buy the right trusts at the right time, you can outperform.
VSL is having a vote on wind down.
So if that happens and goes okay you will get the NAV.
But I bought for the dividend and the expected increase in dividends.
The rate they are lending at is a floating rate. Interest they charge has gone from 10.5 to 13.8%
Yes everyone should have there own financial lawyer!!!