Mergers of investment trusts are fairly uncommon and Neil Rogan, chairman of Murray Income Trust (MUT), discusses the drivers and key shareholder benefits of the merger with Perpetual Income and Growth Investment Trust (PLI).
– Why the MUT board got involved.
– The benefit of lower average fees and increased liquidity to MUT and PLI shareholders.
– Some of the challenges.
– Commitment to building on the 47-year dividend growth record at MUT.
– The approach and strong track record of Charles Luke, manager at ASI.