BMO trusts rebranded after Columbia takeover

[richfool]

BMO trusts rebrand after Columbia takeover
5 July 2022
Seven BMO investment trusts change their name, adopting the prefix 'CT' after fund manager BMO Global Asset Management’s £615m acquisition by Columbia Threadneedle Investments.

Seven BMO investment trusts have changed their name after fund manager BMO Global Asset Management’s £615m acquisition by Columbia Threadneedle Investments.

BMO Managed Portfolio Trust, whose fund manager Peter Hewitt was a guest on our Funds Fanatic podcast last week, becomes CT Global Managed Trust. The tickers of its Income and Growth portfolios change from BMPI to CMPI and from BMPG to CMPG respectively.

BMO Capital and Income (BCI ) also adds UK to its name to clarify its domestic focus, becoming CT UK Capital and Income (CTUK).

In doing so it takes a leaf out of the book of BMO UK High Income which becomes CT UK High Income. All three of its share classes change their tickers: the ordinary shares now trade as CHI , the B-shares as CHIB and the units shares as CHIU .

BMO Real Estate Investments (BREI) simplifies its moniker to CT Property Trust (CTPT ) while stablemate BMO Commercial Property drops the reference to its fund manager, and adopts Balanced Commercial Property Trust which allows it to retain its BCPT ticker.
Name and ticker changes
table.tableizer-table { font-size: 12px; border: 1px solid #CCC; font-family: Arial, Helvetica, sans-serif; } .tableizer-table td { padding: 4px; margin: 3px; border: 1px solid #CCC; } .tableizer-table th { background-color: #104E8B; color: #FFF; font-weight: bold; }
Previous name New name Old ticker New ticker Website
BMO Capital and Income Investment Trust PLC CT UK Capital and Income Investment Trust PLC BCI CTUK ctukcapitalandincome.com

BMO Managed Portfolio Trust CT Global Managed Portfolio Trust BMPI (Income shares) CMPI (Income shares) ctglobalmanagedportfolio.co.uk
BMPG (Growth shares) CMPG (Growth shares)

BMO Private Equity Trust CT Private Equity Trust BPET CTPE ctprivateequitytrust.com
BMO UK High Income Trust CT UK High Income Trust BHI (Ordinary shares) CHI (Ordinary shares) ctukhighincome.co.uk
BHIB CHIB
(B shares) (B shares)
BHIU (Units) CHIU (Units)
BMO Real Estate Investments Ltd CT Property Trust Ltd BREI CTPT ctpropertytrust.co.uk
BMO Global Smaller Companies Trust The Global Smaller Companies Trust BGSC GSCT globalsmallercompanies.co.uk
BMO Commercial Property Trust Ltd Balanced Commercial Property Trust Ltd BCPT BCPT balancedcommercialproperty.co.uk

There are no changes to any of the trusts’ investment processes.

Meanwhile the group’s £4.2bn global flagship, F&C (FCIT ), the UK’s oldest investment trust launched in 1868, retains its separate brand, which it changed from Foreign & Colonial four years ago.

Columbia Threadneedle, which is owned by Ameriprise Financial in the US (AMP.N), said the addition of the 154-year-old F&C to the group would complement its Tri-Continental Corporation (TY.N), which launched 93 years ago and is the oldest closed-end fund in the US.

TR Property (TRY ), the £1.1bn pan-European real estate securities trust managed by Marcus Phayre-Mudge, and European Assets (EAT ), the £335m high-yielding European smaller companies fund run by Sam Cosh, also retain their names.

Marrack Tonkin, head of investment trusts at Columbia Threadneedle, said the group’s six investment trust savings plans would also swap CT for BMO as their prefix.

https://www.theaic.co.uk/aic/news/cityw ... a-takeover

[monabri]

Thanks.

I sent Kiloran ( HYPTUSS) a PM with a link to your post.

monabri

[kiloran]

I've updated the HYPTUSS file company_data_sheet.txt at: http://lemonfoolfinancialsoftware.weebl ... op-up.html

--kiloran

[monabri]

I've updated the HYPTUSS file company_data_sheet.txt at: http://lemonfoolfinancialsoftware.weebl ... op-up.html

--kiloran

Have a virtual "beverage of choice" + a rec!

[TeeJayCee]

I see from the link below that 'the group’s £4.2bn global flagship, F&C (FCIT ), the UK’s oldest investment trust launched in 1868, retains its separate brand, which it changed from Foreign & Colonial four years ago'

It appears the last website I had to check F&C updates 'bmoinvestments.co.uk' is not working. Has anyone got any further updated contact information?

[1nvest]

I had a look at the Columbia web site, but its awful. I have web pages zoomed to comfortable ageing eyes levels but their popup's etc. don't fit/consider that. Also when I clicked links it went to a not-allowed ... your IP is a known bad IP type page, I think due to using CloudFlare as a anti-denial-of-service attack precaution, but where Virgin Media 77..... IP ranges are being considered as having partaken in prior such attacks - so are 'banned'.

a.k.a. no access, we (Columbia - and hence FCIT/BGSC/GSCT/whatever) don't want your business.

[EthicsGradient]

The primary site for F&C seems to be https://www.fandc.com .

[TeeJayCee]

Thanks for the replies. The https://www.fandc.com site is good but does not look after current customers looking for up to date account information like the original f&c or the bmo uk site.

[1nvest]

AFAIK European account management was handed over to Columbia Threadneedle as part of the BMO merger/takeover.

The issues I was experiencing a number of days back with regard to access (IP prohibited) now seem to have been resolved, at least as far as being able to get to seeing and starting a registration, visibility of terms and conditions etc.

https://www.columbiathreadneedle.co.uk/ ... explained/

[TeeJayCee]

Thanks for your reply. Everything now working.