Seneca Global Income & Growth Trust renamed following MGIM acquisition

Momentum Multi-Asset Value Trust

Seneca Global Income & Growth Trust (SIGT) will be renamed Momentum Multi-Asset Value Trust, according to its board, subject to approval from Companies House.

The name change, which will be effective from next month, is the result of Momentum Global Investment Management's (MGIM's) acquisition of Seneca Investment Managers, which was first announced in October last year. Richard Ramsay, chair of SIGT, said: "As a multi-asset, value driven investment company we seek to deliver both income and capital growth from a wide range of assets.  In this current market environment where dividend payments are challenging, we are pleased to be able to confirm that current and future dividends will be paid for at least the next financial year ending 30th Ap...