In its annual results for the year ended 30 April 2024 published today (14 June), BGUK said that, due to three years of underperformance, its board decided to commit to a tender offer. Baillie Gifford UK Growth NAV slumps 12% as discount widens This would happen if, in the five years to 30 April 2029, BGUK's net asset value per share total return does not equal or exceed the FTSE All-Share index, to which it is benchmarked against. In that case, shareholders would be allowed to exit the fund in full at close to NAV per share. The trust noted, however, this would only happen if shar...
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