SHAREHOLDERS in Gartmore's High Income trust can switch their existing investments into the Glasgow Income trust after the fund was selected as the sole roll-over option.
The deal means the managed investment trust will now take on members wishing to roll-over their shares as opposed to taking cash, giving investors access to a fund with a high dividend yield of 5.2pc. Mike Balfour, chief executive of Glasgow, said: “The Glasgow Income trust has achieved consistent long term performance, delivering returns ahead of its benchmark, and its shares have traded at a premium to NAV for more than five years. “It has a similar mandate to the Gartmore High Income (GHI) offering, and we’re confident that we will be able to provide GHI’s shareholders with an excellen...
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