Mid Wynd International Investment Trust

The Mid Wynd International Investment Trust is a publicly-traded investment trust listed on the London Stock Exchange. Since 1 October 2023, The trust has been managed by Lazard Asset Management. History The company can trace its origins back to 1797. David Scott, a weaver from Hawkhill near Dundee, bought a property on Mid Wynd in Dundee (Wynd meaning a narrow street) in order to establish a flax warping mill and hand weaving shed. For the next 150 years, the firm evolved, aided by colonialism, world-wide expansion and two world wars. In 1949, following unwelcome recommendations from a Government-sponsored Jute Working Party Report, the company reorganised itself. The Mid Wynd Holding Co. Ltd. was established as the group parent company of a number of subsidiaries, including James Scott & Sons Ltd., the producing company, and Dura (Investments) Co. Ltd. which was to hold the financial reserves. Merger Following a merger in 1965 of James Scott & Sons Ltd., Thomas Boag & Co. Ltd., and Robertson Industrial Textiles Ltd., Mid Wynd was left with Dura (Investments) Co. Ltd. and various subsidiaries. Over the next fifteen years, the company disposed of all its remaining assets with the exception of Dura (Investments).