Monks Investment Trust PLC announced a general meeting for June 23, 2026, to seek shareholder approval for renewing its share buyback authority.
The company actively manages share issuance and buybacks to balance supply and demand, aiming to keep the discount to net asset value in mid-single digits.
From January 2022 to May 2026, the company repurchased 96,602,930 shares. This represents 69.9% of the authority granted at the 2025 AGM.
The buybacks accreted approximately 0.39% to NAV. Remaining authority allows repurchase of up to 7,887,043 shares, or 5.0% of issued capital.
The board seeks early renewal to avoid interruption to its discount management policy, as current buyback rates may exhaust the authority before the 2026 AGM.
