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.