IT - Wind up provisions

[midgesgalore]

During the effort to screen and carry out initial superficial research on some ITs I am a bit spooked to note some IT's wind-up provisions would imply:- only good until the next vote. This puts me off the whole idea of including these specific trusts in my buying plans.

For example (and ignoring market cap) screening on the AIC website http://www.theaic.co.uk/companydata/195/capital-structure and spotlighting on the smallish Jupiter US Smaller Companies (JUS) the Capital tab --> Wind up Provisions says:
"A continuation vote will next be put to shareholders at the AGM in 2017 and every three years thereafter."

I have seen this on a few trusts and it makes me want to punt that IT into the "laying down and avoiding" category.
Am I being too harsh?
I prefer to see "The Company has an unlimited life" - like you would see for Finsbury Growth & Income (FGT).

Any thoughts?


midgesgalore