Perpetual Income and Growth, a UK investment trust, agreed to merge with Aberdeen Standard-backed Murray Income Trust, which is managed by the UK Equities team at Aberdeen Standard Investments. The transaction, pending shareholder and regulatory approval, is expected to conclude towards the end of 2020. Financial terms were not disclosed. Before the completion of the merger the board of Perpetual Income and Growth Investment Trust intends to pay a pre-liquidation interim dividend to its shareholders to reflect the distribution of its revenue. Once Perpetual Income and Growth Investment Trust is put into liquidation, their shareholders will either be issued with new Murray Income Trust shares or offered a cash option which is limited to 20% of the company’s shares in issue.