Scottish Investment trust proposes merger with JPMorgan trust

Combined trust worth over £1.2bn

Kathleen Gallagher
clock • 2 min read
The new trust is hoping to enter the FTSE250
Image:

The new trust is hoping to enter the FTSE250

The board of the £679.8m Scottish Investment trust (SCIN) is proposing a merger with the £735.2m JP Morgan Global Growth & Income trust (JGGI), following a strategic review.

In a stock exchange announcement, the board of SCIN said "JGGI and SCIN were both established in 1887, and the combination of the two companies will combine the proud histories of each". James Will, the chairman of SCIN, added: "The board undertook a lengthy and robust review process and considered a wide range of options for the company.  Ultimately, the proposal to combine the Scottish Investment Trust with JPMorgan Global Growth & Income was considered the most compelling outcome for shareholders, allowing for the creation of a company with an enlarged net asset base of in excess of £...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot