JP Morgan proposes merger of UK Smaller Companies and Mid Cap trusts

JP Morgan UK Smaller Companies is set to absorb its mid cap counterpart, with the enlarged vehicle to be renamed JP Morgan UK Small Cap Growth & Income (JUGI). An enhanced dividend policy will target a 4% yield on NAV per annum, calculated on the basis of 4% of NAV as at the end of the preceding financial year, paid in equal quarterly instalments. abrdn UK Smaller Companies Growth trust cuts fees amid weak performance Fee thresholds will also be reduced, with investors paying 0.65% on net assets up to £200m and 0.55% on net assets over this level, down from a £300m marker. JP Mo...