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Funds News

BRIEF-Tellworth British Recovery & Growth Trust eyes IPO

Sept 2 (Reuters) -

* TELLWORTH BRITISH RECOVERY & GROWTH TRUST PLC ,A NEWLY ESTABLISHED INVESTMENT TRUST, TODAY ANNOUNCES ITS INTENTION TO LAUNCH AN INITIAL PUBLIC OFFERING

* TBRGT IS SEEKING TO RAISE UP TO £100 MILLION VIA AN INITIAL PLACING AND AN INITIAL INTERMEDIARIES OFFER

* TBRGT’S INVESTMENT OBJECTIVE WILL BE TO GENERATE LONG-TERM TOTAL RETURNS OVER A ROLLING FIVE YEAR PERIOD BY INVESTING PRINCIPALLY IN UK LISTED COMPANIES WITH A SIGNIFICANT PRESENCE IN UK Source text for Eikon: Further company coverage: [ ] (Reporting By Sinead Cruise)

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