IGET to merge with FRGT in a £450m deal.

IGET, an investment trust, agreed to merge with FRGT, an investment trust, in a £450m deal. “We are delighted that, after a comprehensive review, the Board of FRGT has concluded that a combination with IGET offers the best outcome for their shareholders. This is a further strong endorsement of the Company, which last week won the ‘Best International Income Trust’ category at the annual Citywire Investment Trust Awards for the third consecutive year. We believe that the proposed combination will provide benefits for shareholders of both companies, creating a substantially larger, more liquid company with an outstanding track record, a predictable and attractive level of dividend income and competitive running costs. Added to that, we are confident that our portfolio managers’ proven distinctive and disciplined investment approach will continue to stand the Company in good stead through different market conditions,” Sue Inglis, IGET Chair.