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Retail backers of SEIT face wiping out half their money as green trust raises the white flag

SDCL Efficiency Income Trust (SEIT) has abandoned its rescue plan and opted for a managed wind-down after pressure from activist Saba Capital, leaving retail investors nursing potential losses of more than 50 per cent on £1.1bn raised. Read more: Retail backers of SEIT face wiping out half their money as green trust raises the white flag

Mahdeehassan  |   |  5 mins read
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