UK markets closed
  • FTSE 100

    7,017.47
    -135.96 (-1.90%)
     
  • FTSE 250

    22,324.19
    -210.95 (-0.94%)
     
  • AIM

    1,229.80
    -11.57 (-0.93%)
     
  • GBP/EUR

    1.1635
    -0.0055 (-0.47%)
     
  • GBP/USD

    1.3822
    -0.0102 (-0.73%)
     
  • BTC-GBP

    26,291.24
    -1,931.09 (-6.84%)
     
  • CMC Crypto 200

    898.29
    -41.66 (-4.43%)
     
  • S&P 500

    4,188.02
    -33.84 (-0.80%)
     
  • DOW

    33,456.62
    -366.83 (-1.08%)
     
  • CRUDE OIL

    71.96
    +0.92 (+1.30%)
     
  • GOLD FUTURES

    1,774.30
    -0.50 (-0.03%)
     
  • NIKKEI 225

    28,964.08
    -54.25 (-0.19%)
     
  • HANG SENG

    28,801.27
    +242.68 (+0.85%)
     
  • DAX

    15,448.04
    -279.63 (-1.78%)
     
  • CAC 40

    6,569.16
    -97.10 (-1.46%)
     

Invesco Enhanced Income Ltd - Result of Meeting

  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
  • Oops!
    Something went wrong.
    Please try again later.

19 May 2021

Invesco Enhanced Income Limited

Results of General Meeting

The Board of Invesco Enhanced Income Limited (the “Company” or “IPE”) is pleased to announce that all resolutions proposed to shareholders at the General Meeting today in connection with the proposed merger with City Merchants High Yield Trust Limited (“CMHY”), to be effected by way of a shareholder approved contractual scheme of reconstruction (the “Scheme”), were duly passed, and Alan Roberts and Benjamin Rhodes, both of Grant Thornton Limited, have been appointed as liquidators.

The full text of the special resolution can be found in the Notice of General Meeting contained in the Company's circular to Shareholders dated 22 April 2021 (the "Circular"). The Circular is available for viewing at the National Storage Mechanism which can be located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website, https://www.invesco.com/uk/en/investment-trusts/invesco-enhanced-income-limited.html

Details of the proxy votes cast on the resolutions are included at the end of this announcement.

Admission and Dealing in the New CMHY Shares to be issued in connection with the Scheme is expected to commence on 20 May 2021.

Upon the Scheme becoming effective, it is proposed that the name of CMHY be changed to “Invesco Bond Income Plus Limited” at which time the trading symbol (TIDM) for the Company will change to BIPS. A further announcement will be made by CMHY once the change in the Company’s name has been certified by the Companies Registry in Jersey.

Terms used and not defined in this announcement have the meanings given in the Circular unless the context otherwise requires.

For further information please contact:

JTC Fund Solutions (Jersey) Limited +44 (0) 15 3470 0000

Hilary Jones

Invesco Asset Management Limited +44 (0) 20 3753 1000

Will Ellis

Guy Short

J.P. Morgan Cazenove (Financial Advisor to IPE)+44 (0) 20 7742 4000

William Simmonds

Alexis Owuadey

Proxy Votes

The proxy votes cast on the resolutions are set out below:

Resolution

Votes For

%

Votes Against

%

Votes Total

Votes Withheld

Place the Company into summary winding up in accordance with
Chapter 2, Part 21 of the Companies (Jersey) Law 1991 and to amend the Articles of Association

46,429,602

94.82

2,535,263

5.18

48,964,865

229,017

Authorize Liquidators to implement the Scheme and to execute any document and do anything for the purpose of carrying the Scheme into effect

46,391,496

94.69

2,600,138

5.31

48,991,634

202,248

*The votes "For" include those votes giving the Chairman and Third parties discretion.

Important Information

The person responsible for arranging for the release of this announcement on behalf of IPE is Hilary Jones of JTC Fund Solutions (Jersey) Limited.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting