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Gartmore offers charge discount for Second Scottish National Trust

Gartmore is cutting the initial charge for lump sum investors buying Second Scottish National Trust ordinary income shares to 1.5 per cent from 3 per cent.

The discount is available through the Gartmore ISAit scheme, which allows income to be paid out quarterly.

The minimum investment for the SSNT ISAit discount is £3,000, and the closing date is March 2, 2001.

Gartmore investment trusts marketing manager Ian Overage says: “Although the SSNT ordinary income shares have higher risk characteristics than conventional equities, many potential investors will find the risk profile of these shares one they are prepared to accept.”

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