Tritax Big Box agrees terms over UKCM combination
Offer at a 10.8% premium to UKCM’s closing price on 9 February
trust merger
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Abrdn and Fidelity seal China trust merger
Fidelity China Special Situations will buy £126.6m of Abrdn China’s assets
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Custodian REIT board offers further deal incentives ahead of proposed API merger
Comes one week before its consultation with shareholders
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Can smaller trusts survive without consolidation?
The trust sector has seen increased M&A in recent times, while investors have highlighted concerns over illiquid, sub-scale funds
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Tritax Big Box tables £924m offer for UK Commercial Property Reit
Creating a £3.9bn trust if approved
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LondonMetric Property and LXI Reit in talks over merger
LondonMetric has until 15 January to firm up its interest in the acquisition
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Picton Property Income merger off after major shareholder rejects deal
Trust’s board was in talks with UK Commercial Property Reit over a potential combination
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Troy to combine income and growth trusts
Troy Income & Growth will merge into the STS Global Income & Growth, subject to shareholder approval
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JP Morgan to merge UK small and mid cap trusts
Enlarged £430m UK Smaller Companies trust will continue to be managed by Georgina Brittain and Katen Patel
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Abrdn proposes merger of Smaller Companies and Shires Income investment trusts
ASCI’s average discount over the last 12 months stands at 13.2%
