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Invesco Asia Trust Merges with Asia Dragon Trust
Edison Investment Research has published a report on the recent developments involving Invesco Asia Trust (IAT). The trust announced a merger with Asia Dragon Trust (DGN), which includes the transfer of specific assets from DGN to IAT. This merger is executed through a reconstruction and wind-up scheme, resulting in the newly formed Invesco Asia Dragon Trust.
Investors in both entities are set to gain from IAT’s established investment strategy, enhanced economies of scale, and a favorable fee structure. Additionally, there will be an unconditional tender offer for up to 100% of issued share capital every three years.
R. P.
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