On 26th July 2023, the board of Shires Income Trust (SHRS) announced that it had agreed terms with the board of abrdn Smaller Companies Income Trust (ASCI) for a combination of the assets of ASCI and Shires. Iain Pyle, manager of Shires Income Trust, explains the details of the proposed combination and unpacks the benefits to both ASCI and SHRS shareholders in this short video. Watch now.