European Assets Trust is redomiciling to the UK- European Assets Trust (EAT) is expected to move their legal domicile from the Netherlands to the United Kingdom. There will not be any difference in the investment policy or dividend policy and the investment team will not change. European Assets Trust has also set up a subsidiary to act as a successor vehicle called European Assets Trust PLC.
European Assets Trust believes there are benefits to migrating to the United Kingdom and they are:
- A simplified corporate structure. Since, European Assets Trust PLC will be a UK resident investment trust it will be widely understood in the market.
- One jurisdiction for current and future regulations
- A reduction on the ongoing charges rates
- Also the possibility of being a part of the FTSE UK Index Series
European Assets Trust PLC will not be listed in the Netherlands.
The migration will not start until it is approved by both shareholders and regulators. A future update will be released during the week starting on 26 November 2018.
EAT- European Assets Trust is redomiciling to the UK