The AIC has created a database of public announcements being made by investment companies in relation to issues that have arisen as a result of COVID-19. The unusual circumstances created by this crisis have stimulated a substantial number of these disclosures.
Issues addressed include:
- Arrangements for holding Annual General Meetings;
- Dividends (deferrals, reductions, suspensions)
- Valuations;
- Company reporting;
- Share buy backs/discount control mechanisms;
- Gearing (including gearing levels and facilities)
- Liquidity;
- General market updates.
These issues represent the main topics covered. Other matters have also been addressed.
The AIC database allows these announcements to be sub-divided according to industry sector/asset class.
Members considering their approach, and how they might best formulate a regulatory announcement, may find it useful to review approaches taken by others facing the same challenges.
If you would like to utilise this resource, please contact Guy Rainbird ([email protected]) or David Michael ([email protected]) in the first instance.
