Activist shareholders had a busy 2023: The incidence of activist campaigns in Europe soared by almost 70% compared to 2022, according to data compiled by Skadden and Activistmonitor. As we described in a previous issue of The Preferred Return, UK-listed investment trusts were certainly a part of this trend, with several high-profile activist campaigns targeting such funds.
Source: FCA Preserves Key Tool for Activists in Listing Rules Reform