JP Morgan European Income investment trust has been placed under formal review by interactive investor due to the proposed merger with JP Morgan European Growth investment trust.
Dzmitry Lipski, head of funds research, interactive investor, said: "The trust is unusual in that it has two portfolios of assets; one income orientated and the other designed to produce capital growth. "However, going forward (subject to shareholder approval) there will no longer be two portfolios of assets. The trust's board has announced that it plans to merge the income shares and growth shares into one entity." The trust features as a European equities income option on the platform's Super 60. In the future, the trust's investment objective will be the same as the growth share...
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