Change of Name

RNS Number : 9520G

F&C Capital & Income Inv Tst PLC

09 November 2018

 

9 November 2018

F&C CAPITAL AND INCOME INVESTMENT TRUST PLC

LEI: 21380052ETTRKV2A6Y19

CHANGE OF NAME

The Board of F&C Capital and Income Investment Trust PLC announces that it has today resolved to change the name of the Company to BMO Capital and Income Investment Trust PLC. 

The change has been approved by the Board of Directors in accordance with the Company's Articles of Association.

The Company's shares will trade under the new name on the London Stock Exchange from 8.00 a.m. London time on 12 November 2018.

The Company's trading instrument display mnemonic (TIDM) will change to BCI.  The ISIN and SEDOL numbers will remain unchanged.

Shareholders are unaffected by the changes and existing share certificates will remain valid and should be retained. The investment policy and process remains the same under the same Manager with Julian Cane as Fund Manager.

The Company's website can now be found at bmocapitalandincome.com.

Background

The Company's Manager, F&C Investment Business Limited, became part of the BMO Financial Group in 2014. BMO was founded over 200 years ago as Bank of Montreal and is now the 8th largest bank by assets in North America.  It provides a broad range of financial products to over 12 million customers worldwide. BMO has decided that it will now re-brand those of its investment products and legal entities which currently operate under the "F&C" prefix to "BMO".

Rationale

The BMO rebranding programme will include the F&C savings plans through which many of the Company's shareholders invest. This led to the Board giving careful consideration to the change of the Company's name. In considering the matter and their duty to promote the success of the Company in the interests of its Shareholders, the Directors concluded that common branding of the Company with the savings plans and the Manager will help to avoid confusion and allow the Company to benefit from investment by BMO in its brand. 

Name of contact and telephone number for enquiries:

Campbell Hood, Director, External Communications, BMO Global Asset Management

Telephone: [phone]

 

END

 

 

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