The number of mergers undertaken by investment trusts in 2024 rose to ten, double the previous record seen in 2021.
According to data from the Association of Investment Companies, Tritax Big Box REIT's merger with UK Commercial Property REIT was the largest to take place in 2024, leading to a newly created entity with total assets of £6.1bn. This was followed by the merger between Alliance trust and Witan investment trust, which completed in October, reaching a total of £5.7bn in assets. The resulting vehicle, Alliance Witan, joined the FTSE 100 index on 23 December. Meanwhile, the AIC reported seven liquidations, while 32 trusts saw their fees changed to benefit shareholders, as trust boards wo...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
