HAL Trust

Limited downside, but no real catalysts on the upside (at least in the short-term)

Listed on Euronext Amsterdam (HAL NA), HAL Trust’s roots go back to 1873 and has been operating as an investment holding company since 1977, when it was formed to hold all outstanding shares of HAL Holding NV (www.halholding.com). [Technically, HAL Holding NV is a public company domiciled in Curaçao: for each of its shares, one Trust Share has been issu…