Troy Income & Growth opts to merge with STS Global Income & Growth

Managed by Troy Asset Management

Troy Income & Growth, which has assets of around £166m, is to merge with STS Global Income & Growth, which manages around £216m.

The merger, if approved by each company's shareholders, will see the voluntary liquidation of Troy Income & Growth Trust (TIGT) and the rollover of its assets into STS in exchange for the issue of new shares of STS to holders of TIGT shares. TIGT shareholders will be offered the option of up to 100% cash exit as an alternative. Following the deal, the enlarged STS will continue to be managed on the same basis as currently by Troy Asset Management, with James Harries continuing as the lead portfolio manager, supported by Tomasz Boniek and the wider Troy investment team. Under the pr...