| Change Details | |
|---|---|
| Title | Troy Income & Growth Trust Plc |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 27 March 2024 |
| 1. Asset details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Asset Group | Troy Asset Management Ltd |
| Asset Name | Troy Income & Growth Trust Plc |
| Type of change | Merger |
| Date merger effective from | 27 March 2024 |
| Deadline for investors to switch out if appropriate | N/A |
| Is the event subject to shareholder approval? | Yes |
| 2. Merger details | |
| Name of the new asset (the asset that the previous asset is being merged into) | STS Global Income & Growth Trust Plc |
| Will the phasing option automatically continue? | Yes |
| Will the rebalancing option automatically continue? | Yes |
| Will ongoing direct debit payments automatically be redirected into the new asset? | Yes |
| 3. Asset objective | |
| Previous asset objective | The Company’s investment objective is to provide shareholders with an attractive income yield and the prospect of income and capital growth through investing in a portfolio of predominantly UK equities. Equities are selected for their inclusion within the portfolio solely on the basis of the strength of the investment case with the focus being on long term income growth along with capital preservation. Asset classes other than equities will be purchased from time to time and will vary as opportunities are identified and will include convertibles, preference shares, fixed income securities and corporate bonds. |
| New asset objective | STS Global Income and Growth Trust plc aims to achieve rising income and long-term capital growth through investment in a balanced portfolio constructed from global equities. The manager typically runs a high conviction 35-55 stock portfolio that is unconstrained by geography, sector, stock or market capitalisation. |