India, Feb. 7 -- The boards of JP Mogan Global Growth & Income (JGGI) Friday said it agreed with Henderson International Income Trust (HINT) for a business combination by which HINT's assets will be integrated into JGGI in exchange for new JGGI shares to HINT shareholders.
The transaction will be effected by way of reconstruction of HINT, JGGI said in a statement.
The combined company will have net assets of around 3.4 billion pounds, and an estimated ongoing charges ratio of 0.42 per cent. The current investment manager of JGGI, J. P. Morgan Asset Management, will continue to manage the merged company.
As per the statement, the number of new JGGI shares issued to HINT shareholders will be determined on a Formula Asset Value (FAV) for FA...