On 6 December 2024, Ninety One Fund Managers UK Limited issued a circular to shareholders in the UK Smaller Companies Fund, together with a notice of an EGM regarding the proposed merger of the UK Smaller Companies Fund into the UK Special Situations Fund. This merger was approved by shareholders at the EGM held on 15 January 2025

• Dealing in the UK Smaller Companies Fund ceased after the last VP at 12 noon on 6 March 2025.

• The final accounting period for UK Smaller Companies ended at 12 noon on 6 March 2025, and the fund is XD at this point (investors on the register at that time qualified for any available income distribution). The merger took place after the fund was ‘XD’ at 12.01 pm on 7 March 2025.

        • Dealing in the shares allocated as a result of the merger in the UK Special Situations Fund commenced on 10 March 2025.

No contract notes are sent confirming the merger transactions, but a confirmation letter will be sent to shareholders within twenty-one days of the merger and details of the number of shares which were held in the UK Smaller Companies Fund together with the number of new shares allocated in the UK Special Situations Fund will be available to view via Distributor Online (‘DOLR’) from 10 March 2025. The merger circular can be obtained on our website here:

https://ninetyone.com/-/media/documents/2024/91-oeic-uk-smaller-companies-fund-merger-proposal-information-pack-en.pdf

The merger ratio can be found here:

https://ninetyone.com/-/media/documents/2025/91-oeic-merger-ratios-uk-smaller-companies-into-uk-special-situations-fund-7mar25-en.pdf

Share Class Mapping:

 

Merging Fund ISIN

Merging Fund Share Class Name

Receiving Fund ISIN

Receiving Fund Share Class Name

GB0031075558

Ninety One, UK Smaller Companies A, Acc, GBP

GB0031075665

Ninety One, UK Special Situations A, Acc, GBP

GB0031417461

Ninety One, UK Smaller Companies A, Inc, GBP

GB0031078784

Ninety One, UK Special Situations A, Inc, GBP

GB00B5NR9271

Ninety One, UK Smaller Companies I, Acc, GBP

GB00B1XFJS91

Ninety One, UK Special Situations  I, Acc, GBP

GB00B00LDP80

Ninety One, UK Smaller Companies I, Inc, GBP

GB00B61JXN13

Ninety One, UK Special Situations I, Inc, GBP

GB00B8V8R290

Ninety One, UK Smaller Companies R, Acc, GBP

GB00B7JQW017

Ninety One, UK Special Situations R, Acc, GBP

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 NOTE: For client(s) who held income shares and had their income paid out to them, any available income will be paid to them as soon as reasonably practicable after the 7 March 2025 and in any event within two months of the 7 March 2025. For client(s) who held accumulation shares, any available income was accumulated within the UK Smaller Companies Fund and reflected in the value of those shares. This value, including any income, was used to calculate the number of new shares issued to them in the UK Special Situations Fund. Tax vouchers, if applicable, will also be sent to investors in both the accumulation and income share classes shortly after the income payment date.