Merchants Trust waives dealing charge

BY mark preskett

The Merchants Trust has reported its 25th year of dividend increases and a total Nav return of 16.6% over the year to the end of January. To mark the vehicle's 25-year history of dividend increases, its 0.5% dealing charge on all lump-sum maxi Isa investments has been waived. In addition, for Pep and Isa transfers it is waiving both the dealing charge and a £20 transfer fee. These offers are open to investors from 6 April until 31 December. The trust, taken over by Allianz Global Investors' Simon Gergel last May from long-standing manager Nigel Lanning, saw net dividends up 5.8% to 20p f...