Message from CEO Tom Griffith:
I’m pleased to announce that on Thursday, October 1st, City of London Investment Group PLC successfully completed a merger with Karpus Management Inc., representing a significant milestone in our company’s history.
At the Group level, the complementary strengths of the merger bring together over 100 employees, covering multiple asset classes, with CLIM and KMI managing a combined US$9 billion in client assets as at August 31, 2020. Our investment subsidiaries will continue to operate independently in order to best serve client needs while our financial strength will allow us to continue to make technology investments necessary to compete in our global industry.
While the events of this year have created many challenges, our company’s culture remains strong, and we will continue working on behalf of clients and shareholders to meet their expectations.