Jupiter Dividend & Growth trust to wind-up in November

Shareholders offered rollover or cash exit

The board of the £58m Jupiter Dividend & Growth investment trust has agreed in principle to allow shareholders to roll over their shares into the Jupiter UK Growth trust after the former winds up in November this year.

The split capital fund, which had planned to wind up voluntarily on the 30 November, will give shareholders the choice to elect for a cash exit at final asset value, or roll over their investment on a cost and tax efficient rollover into new shares to be issued by Jupiter UK Growth. Meanwhile, the board of the £43m Jupiter UK Growth investment trust, managed by Steve Davies (pictured), said the new shares will be issued at a modest premium to their prevailing NAV so existing shareholders will not suffer any material NAV dilution as a consequence. The board said: "Subject to take-up, t...