On 9 April 2021, the Liontrust European Income Fund merged with Liontrust European Growth Fund. Liontrust believe the merger is in the best interests of unitholders as the continuing fund is similar in all material respects to the discounting fund. There are however a few key differences - whilst there was the option to hold Accumulation units with the discounting fund, all units in the continuing fund are Income units. You can however choose to have income reinvested instead of paid out.
The income distribution dates for the discounting fund are now quarterly instead of annually and the Annual Management Charge is reducing from 0.16% to 0.15%.
If you have any questions regarding this merger, please don't hesitate to get in contact with us.
- uploaded - 28 April 2021