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Investment Trusts - what do I own?
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rathernot
Posts: 339 Forumite
Apologies for what may appear a dumb question but I'd like to be clear on something 
I'm in several Investment Trusts via Cavendish/Fidelity so AIUI in simple terms I'm a shareholder in those companies.
Of course everything is visible in the Fidelity control panel but other than it being visible there how do I prove I own those shares?
I know Fidelity are huge and it's 2018 so I'm not expecting a framed certificate that I can hang on my wall but should there be anything other than a record in the Fidelity portal?

I'm in several Investment Trusts via Cavendish/Fidelity so AIUI in simple terms I'm a shareholder in those companies.
Of course everything is visible in the Fidelity control panel but other than it being visible there how do I prove I own those shares?
I know Fidelity are huge and it's 2018 so I'm not expecting a framed certificate that I can hang on my wall but should there be anything other than a record in the Fidelity portal?
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Comments
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I would have thought you would get an online contract note that you could download when you made the purchase.0
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Yes I have that from Fidelity. I feel a bit dumb asking but I've not purchased shares in a company before so didn't know if I should receive anything more official.
For example I believe I'm entitled to attend a shareholder meeting and vote if I wanted to but if I ever did do you get a bunch of people turning up with random notes from various brokers and platforms as "proof of ownership"?!0 -
If your platform operates as a "nominee" then you can't vote. You are only the "beneficial owner", your stockbroker owns them on your behalf so only your stockbroker is entitled to vote or turn up to AGMs.
In practice your stockbroker will likely ask you how to cast their vote, and if you wanted to turn up to the AGM most will let you sign in as a guest.
This link explains it in more detail https://www.sharesoc.org/investor-academy/advanced-topics/nominee-accounts/0 -
An investment Trust is a public limited company with a fixed number of shares (closed end).
Re shareholder rights/nominee question.
https://www.sharesoc.org/investor-academy/advanced-topics/nominee-accounts/0 -
Thanks, should add I don't want to turn up and vote, just something I thought about having added another IT to my account and thinking what's actually happening in the background now that the internet has made this stuff so readily accessible.0
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Thanks, should add I don't want to turn up and vote, just something I thought about having added another IT to my account and thinking what's actually happening in the background now that the internet has made this stuff so readily accessible.
It can be interesting to attend the AGM, often the fund manager will give a presentation. Some even go just for the food - the gannets swarming at the end was a fine sight!Remember the saying: if it looks too good to be true it almost certainly is.0 -
Some even go just for the food
Which ITs offer the best food?
Just call me Gannet....:D0 -
Which ITs offer the best food?
Just call me Gannet....:D
I hear the buffet at Finsbury Foods AGM is good for a fillup- as you'd expect of someone who makes bread and cakes!0 -
Finsbury Foods AGM is good for a fillup- as you'd expect of someone who makes bread and cakes!
Crumbs! I'm contacting my broker as I write....:rotfl:0
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