Seneca Global Income & Growth Trust (SIGT) will be renamed Momentum Multi-Asset Value Trust, according to its board, subject to approval from Companies House.
The name change, which will be effective from next month, is the result of Momentum Global Investment Management's (MGIM's) acquisition of Seneca Investment Managers, which was first announced in October last year. Richard Ramsay, chair of SIGT, said: "As a multi-asset, value driven investment company we seek to deliver both income and capital growth from a wide range of assets. In this current market environment where dividend payments are challenging, we are pleased to be able to confirm that current and future dividends will be paid for at least the next financial year ending 30th Ap...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes