Alliance Trust and Witan Investment Trust merge to form Alliance Witan PLC, UK's largest-ever investment trust merger.

Alliance Trust PLC and Witan Investment Trust plc merge to form Alliance Witan PLC, in the UK's largest-ever investment trust merger. Alliance Trust's existing investment strategy remains unchanged, introducing a more competitive management fee structure and expected lower Ongoing Charges Ratio. The merged entity will offer enhanced dividend payments and an immediate uplift in market value for Witan shareholders.