On 6 January 2021, Ninety One Fund Managers UK Limited issued a circular to shareholders in the Global Energy Fund and Enhanced Natural Resources, together with a notice of an EGM regarding the proposed mergers of the Global Energy Fund and the Enhanced Natural Resources Fund into the Global Environment Fund. These mergers were approved by shareholders at the EGM held on 10 February 2021.
- Dealings in the Global Energy Fund and Enhanced Natural Resources Fund ceased after the last VP at 12 noon on 04 March 2021.
- The final accounting period for the Global Energy Fund and Enhanced Natural Resources Fund ends at 12 noon on 04 March 2021 and the fund is XD at this point (investors on the register at this time will qualify for any available income distribution). The merger then took place after the fund was ‘XD’ at 12.01pm on 05 March 2021.
- Dealings in the shares allocated as a result of the merger in the Global Environment Fund commenced on 8 March 2021.
No contract notes will be sent confirming the merger transactions but a confirmation letter will be sent to shareholders within ten business days of the merger and details of the number of shares which were held in the Ninety One Global Energy Fund and/or Ninety One Enhanced Natural Resources Fund together with the number of new shares allocated in the Ninety One Global Environment Fund will be available to view via Distributor Online (‘DOLR’) from 8 March 2021. The merger circulars and merger ratios can be found on our website here:
https://ninetyone.com/-/media/documents/2021/91-oeic-merger-proposal-global-energy-en.pdf
https://ninetyone.com/-/media/documents/2021/91-oeic-merger-proposal-global-energy-en.pdf
Merging Fund ISIN |
Merging Fund Share Class Name |
Receiving Fund ISIN |
Receiving Fund Share Class Name |
|
GB00B049P968 |
Global Energy Fund A Accumulation Shares |
GB00BMXZ8565 |
Global Environment Fund A Accumulation Shares |
|
GB00B049PC91 |
Global Energy Fund I Accumulation Shares |
GB00BKT89K74 |
Global Environment Fund I Accumulation Shares |
|
GB00B1FQHB91 |
Global Energy Fund S Accumulation Shares |
GB00BKT89N06 |
Global Environment Fund S Accumulation Shares |
|
GB00B04C4877 |
Global Energy Fund A Accumulation Shares (USD) |
GB00BMXZ8672 |
Global Environment Fund A Accumulation Shares (USD) |
|
GB00B7K27Y73 |
Global Energy Fund R Accumulation Shares |
GB00BKT89M98 |
Global Environment Fund R Accumulation Shares |
|
GB00BMMVFQ59 |
Global Energy Fund I Income Shares |
GB00BMXZ8896 |
Global Environment Fund I Income Shares |
|
GB00B2QVX896 |
Enhanced Natural Resources I Accumulation Shares |
GB00BKT89K74 |
Global Environment Fund I Accumulation Shares |
|
GB00B2QVXH86 |
Enhanced Natural Resources A Accumulation Shares |
GB00BMXZ8565 |
Global Environment Fund A Accumulation Shares |
|
GB00B7KKR414 |
Enhanced Natural Resources R Accumulation Shares |
GB00BKT89M98 |
Global Environment Fund R Accumulation Shares |
|
GB00BD5J0W44 |
Enhanced Natural Resources J Accumulation Shares |
GB00BMXZ8789 |
Global Environment Fund J Accumulation Shares |
There will be no change to your existing Unit Holder ID or Agent Code as a result of this merger. Should you have any queries or questions about this merger please contact the SS&C Distributor Client Services Team, our contact details can be found by clicking here.
IMPORTANT PLEASE NOTE: For investors who held income shares and had their income paid out to them, any available income will be paid to you by 4 May 2021. For any investors who held income shares and automatically reinvested their income, any available income from the final income distribution will be reinvested in the Global Environment Fund’s income shares on 4 May 2021.
For investors who held the accumulation share class type, any available income will be accumulated within the Global Energy or Enhanced Natural Resources Fund and reflected in the value of those shares. This value, including any income was used to calculate the number of shares issued to you in the Global Environment Fund. Tax vouchers, if applicable, will also be send to investors in both the accum