City Merchants High Yield and Invesco Enhanced Income boards propose merger

Combined 'BIPS' to benefit from economies of scale

Mike Sheen
clock • 2 min read

The boards of the Invesco-managed City Merchants High Yield (CMHY) trust and Invesco Enhanced Income (IPE) trust have proposed a merger of the investment companies in efforts to deliver greater economies of scale from an enlarged asset base.

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