Scottish investment trust completes merger with JP Morgan Global Growth & Income

Worth £1.3bn

Valeria Martinez
clock • 2 min read

The £740m JP Morgan Global Growth & Income trust (JGGI) has completed its merger with the £592.2m Scottish Investment trust (SCIN), creating a combined entity worth over £1.3bn.

The merger was proposed in October last year, following a 'strategic review' of the portfolios.  The combination of the trusts - both over 135 years old and some of the oldest investment companies in the sector - marks the second largest merger of two independent investment trusts to date.  Scottish Investment trust proposes merger with JPMorgan trust Tristan Hillgarth, JGGI chair, said that today's news represents "an exciting milestone for both groups of shareholders, who should benefit from greater scale, enhanced liquidity and competitive fees of the trust". "JGGI, which rec...

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