An overwhelming majority of Franklin Global Trust (FRGT) shareholders have elected to roll their holdings into Invesco Global Equity Income Trust (IGET) under a proposed scheme of reconstruction and voluntary winding-up.
The results, published on 19 February 2026, show that 96.3% of issued shares opted for the rollover. Just 3.7% chose the alternative: a full cash exit at a 2% discount to NAV. Shareholders who made no active election were defaulted into the rollover.
Invesco described the outcome as a strong endorsement of IGET’s strategy and its global equities capabilities.
“This result reflects confidence in our long-term investment approach,” said Stephen Anness, Head of Global Equities at Invesco and Portfolio Manager of IGET.
“We look forward to welcoming FRGT shareholders and thank them and our existing shareholders for their continued support. As ever we remain disciplined in our focus on uncovering the best opportunities for shareholders that have trusted us with their investments.”
The scheme still requires approval at a Second General Meeting on 27 February. If passed, new IGET shares are expected to begin trading on or shortly after 2 March 2026.
Franklin Global Trust has traded sideways since the pandemic, failing to break out of a range between 300p and 400p, whereas Invesco Global Equity Income Trust has produced steady returns and strong NAV growth.