What is the future of trust dividend heroes following consolidation?

"Thrive, evolve or consolidate"

Kathleen Gallagher
clock • 2 min read
Rob Morgan of Charles Stanley
Image:

Rob Morgan of Charles Stanley

In the past 18 months, four trusts have fallen off the Association of Investment Companies’s (AIC) dividend hero list for various different reasons.

However, investment trust experts are cautiously optimistic the list will grow over the next few years, with the main barrier to that growth being continued corporate action from boards and consolidation within the industry.  Last month the Scottish Investment Trust, which has been around since 1887, was the latest dividend hero to announce a proposal that, if approved, would end its dividend hero status.  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. Sc...

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