Merrills issues second dividend

warrant holders to lose out at expense of ordinary shareholders on merrills' european trust

Warrant holders in Merrill Lynch European investment trust who exercise their holding on the final date of 31 July will miss out on the company's dividend payments. The trust board has decided to pay two dividends in July, a second dividend for the year to 31 March and an interim dividend for the current financial year including current year revenue and the revenue reserves of the company as of 1 June. An EGM on 27 August is then expected to back the company's plans for liquidation and roll over into the new Merrill Lynch Greater European investment trust. The warrants, like those in mos...