A trust to consider for your portfolio, as it pays a dividend of 4% on the year end NAV.

If you wanted to maintain a blended yield of 7% it would have to be pair traded with a higher yielder.

Most probably dangerous to buy now as it’s been trending up for nearly 3 years.

The trend is your friend until the bend.

 JPMorgan Global Growth & Income PLC and Henderson International Income Trust PLC on Friday said they have agreed on a combination, creating an investor with GBP3.4 billion in net assets.

The proposed deal between the London-based investment trusts will see HINT’s assets rolled into JGGI, under a scheme of reconstruction.

There is no cash option proposed, due to the “strong rating and liquidity” of JGGI shares, as well as the similarity of both firms’ investment strategies.

“Investment trusts are in the spotlight at present, and there are growing calls from investors for consolidation, with the emphasis on the need for larger, more liquid vehicles that offer highly competitive cost structures,” said JGGI Chair James Macpherson.

HINT trading at around a 4% discount to NAV, so if you wanted to buy JGGI, it might be better to buy HINT and wait for the merger as you should get more shares for your hard earned.

A Trust I would consider for the Snowball when the market melts down.