Sherborne Investors (Guernsey) C Limited Sherborne Investors (Guernsey) C Limited is a Guernsey-domiciled closed-ended investment company that seeks to realise capital growth by investing in a single publicly quoted target company considered undervalued due to operational deficiencies, which the Investment Manager, Sherborne Investors Management LP, actively works to rectify through hands-on involvement; its investment products include shares, warrants, convertibles, derivatives, or other equity and debt securities in the selected target company, effected indirectly through interests in funds such as SIGC LLC and Newbury Investors LLC, with a commitment of up to £700 million and no diversification across multiple holdings at any time. The company, incorporated on 25 May 2017 and headquartered at 1 Royal Plaza, Royal Avenue, St Peter Port, Guernsey GY1 2HL, trades on the London Stock Exchange's Specialist Fund Segment and targets opportunities across any economic sector, with a typical holding period exceeding one year to implement turnaround strategies focused on improving profitability, capital efficiency, and resource allocation. Geographically, it operates primarily from Guernsey with investments in international public companies, currently pursuing its strategy via an indirect stake in U.S.-based Navient Corporation through Newbury Investors LLC, which holds approximately 26% of Navient's shares as its largest shareholder. Recent major changes include the dissolution of the Investment Partnership (SIGC, LP) in May 2023 following an assignment of interests to enable non-recallable capital distribution, the early 2023 dissolution of wholly-owned subsidiary SIGC Midco Limited, the appointment of Edward Bramson as Vice Chairman of Navient's board in December 2023 to support strategic initiatives including a review update in January 2024, an extension of the Navient cooperation agreement to June 2024, a planned restructuring of underlying funds to segregate assets addressing prior audit scope limitations, and ongoing share buybacks such as 1 million ordinary shares purchased in June 2025; the company also maintains a dividend policy distributing proceeds from target company dividends, paying 1.0 pence per share in respect of 2023 results.