On 2 April 2025, Ninety One Fund Managers UK Limited issued a circular to shareholders in the Multi-Asset Protector Fund 2, together with a notice of an EGM regarding the proposed merger of the Multi-Asset Protector Fund 2 into the Diversified Income Fund. This merger was approved by shareholders at the EGM held on 1 May 2025.   

 

•   Dealing in the Multi-Asset Protector Fund 2 ceased after the last VP at 12 noon on 15 May 2025. 

 

•   The final accounting period for the Multi-Asset Protector Fund 2 ended at 12 noon on 16 May 2025, and the fund is XD at this point (investors on the register at that time will qualify for any available income distribution). The merger took place after the fund was ‘XD’ at 12.01 pm on 16 May 2025.

 

•   Dealing in the shares allocated as a result of the merger into the Diversified Income Fund commenced on 19 May 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 Multi-Asset Protector Fund 2 together with the number of new shares allocated in the Diversified Income Fund will be available to view via Secure Distributor Portal (‘DOLR’) from 19 May 2025. The merger circular can be obtained on our website here:

https://ninetyone.com/-/media/documents/2025/91-oeic-fund-series-iv-multi-asset-protector-fund-2-merger-proposal-0425-en.pdf

The merger ratio can be found here:

https://ninetyone.com/-/media/documents/2025/91-oeic-merger-ratios-multi-asset-protector-2-into-diversified-income-fund-16may25-en.pdf

Share Class Mapping:

Merging Fund ISIN

Merging Fund Share Class Name

Receiving Fund ISIN

Receiving Fund Share Class Name

GB00B8FLYL21

Multi-Asset Protector Fund 2, I, Acc, GBP

GB00B2Q1J923

Diversified Income Fund, I, 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 using the WebChat option below.

IMPORTANT NOTE: For client(s) who hold accumulation shares, any available income will be accumulated within the Multi-Asset Protector Fund 2 and reflected in the value of those shares. This value, including any income, will be used to calculate the number of new shares issued to them in the Diversified Income Fund. Tax vouchers, if applicable, will also be sent to investors shortly after the income payment date.