- Do you have to be a shareholder to join a trust?

No. The beauty of a Trust is that you get the best of both worlds. Fans who have a small number of shares can proxy them to the trust so they are voted en bloc and make a bigger difference. But fans who aren't shareholders can just join, and any shares the Trust buys or gets are owned collectively by all the members. This is a way for people to become shareholders, along with other fans. You bring together the fans with shares and the fans without shares, and pool the power of both groups to everyone's benefit.