IN BRIEF: JPMorgan Global Growth & Income buys JPMorgan Elect

JPMorgan Global Growth & Income PLC – Investment firm - Merges into JPMorgan Elect PLC. This merger was announced by the investment firms in October, following which they had signed a head-of-terms agreement. JGGI purchases JPMorgan Elect to issue 18.6 million shares in JGGI's capital and 26.4 millions C shares in JGGI’s capital. JPMorgan Global expects that scheme shares will trade on the London Stock Exchange starting Tuesday. The investment firms announced in October that they had reached an agreement on terms and conditions for a merger proposal. Based on October 25 valuations the companies said that the enlarged company would have net assets of more than GBP1.7 billion. JPMorgan Global Income (or JGGI) is a FTSE 250-listed investment funds managed by JPMorgan Asset Management. It invests in a high conviction portfolio of 50 to 90% global stocks. JPMorgan Elect (or JPE) allows investors to choose between Managed Growth and Managed Income on specific quarterly conversion dates. This could allow them to avoid the UK capital gains tax. 12-month change: 7.0% down by Tom Budszus (Alliance News reporter) Comments and questions to EMAIL Copyright 2022 Alliance News Ltd.