23/04/2025
We’re delighted to have helped with the proposed combination of JPMorgan Global Growth & Income PLC and Henderson International Income Trust PLC, creating an investor with GBP3.4 billion in net assets.
The proposed deal between the London-based investment trusts will see HINT's assets rolled into JGGI, under a scheme of reconstruction, and the deal is expected to conclude by July this year.
"Investment trusts are in the spotlight at present, and there are growing calls from investors for consolidation, with the emphasis on the need for larger, more liquid vehicles that offer highly competitive cost structures," said JGGI Chair James Macpherson, while HINT's Chair Richard Hills added: "The board believes that the proposed combination will provide shareholders with access to a larger, more liquid vehicle with an outstanding track record and a history of growing dividends whilst focusing on the most attractive investment opportunities."
JPMorgan Asset Management will manage the enlarged JGGI, while HINT is managed by Janus Henderson. The merger follows JGGI's combinations with JPMorgan Multi-Asset Growth & Income in 2024 and JPMorgan Elect and Scottish Investment Trust in 2022.
Our thanks to our wonderful clients at Janus Henderson, JPMorgan, Winterflood Securities, Herbert Smith Freehills, Panmure Liberum and Stephenson Harwood.
To find out how we can ensure the success of your Investment Trust documentation, chat with us today: hello@blackandcallow.com
Other recent news
