On 2 April 2025, Ninety One Fund Managers UK Limited issued a circular to shareholders in the Global Quality Dividend Growth Fund, together with a notice of an EGM regarding the proposed merger of the Global Quality Dividend Growth Fund into the Global Franchise Fund. This merger was approved by shareholders at the EGM held on 1 May 2025.

 •  Dealing in the Global Quality Dividend Growth Fund ceased after the last VP at 12 noon on 29 May 2025. 

•   The final accounting period for the Multi-Asset Protector Fund ended at 12 noon on 30 May 2025, and the fund is XD at this point (investors on the register at this time will qualify for any available income distribution). The merger took place after the fund was ‘XD’ at 12.01 pm on 30 May 2025.
 
•   Dealing in the shares allocated as a result of the merger into the Global Franchise Fund commenced on 2 June 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 Global Quality Dividend Growth Fund together with the number of new shares allocated in the Global Franchise Fund will be available to view via Distributor Online (‘DOLR’) from 2 June 2025. The merger circular can be obtained on our website here:

https://ninetyone.com/-/media/documents/2025/91-oeic-fund-series-iv-global-quality-dividend-growth-fund-merger-proposal-0425-en.pdf

The merger ratio can be found here:

https://ninetyone.com/-/media/documents/2025/91-oeic-merger-ratios-global-quality-dividend-growth-fund-30may25-en.pdf

Share Class Mapping:

Merging Fund ISIN

Merging Fund Share Class Name

Receiving Fund ISIN

Receiving Fund Share Class Name

GB00BYYXXH09

Global Quality Dividend Growth Fund A Acc GBP

GB00B7WN9P32

Global Franchise Fund A Acc GBP

GB00BYYXXG91

Global Quality Dividend Growth Fund I Acc GBP

GB00B7VHRM91

Global Franchise Fund I Acc GBP

GB00BYYXX703

Global Quality Dividend Growth Fund I Inc-2 GBP

GB00BTZH2462

Global Franchise Fund I Inc GBP

GB00BYYXXB47

Global Quality Dividend Growth Fund J Inc-2 GBP

GB00BTZH2686

Global Franchise Fund J Inc GBP

GB00BD0CV928

Global Quality Dividend Growth Fund K Inc-2 GBP

GB00BTZH2793

Global Franchise Fund B Inc GBP

GB00BF5TSZ72

Global Quality Dividend Growth Fund L Acc GBP

GB00BTZH2801

Global Franchise Fund B Acc GBP

GB00BD08F541

Global Quality Dividend Growth Fund L Inc-2 GBP

GB00BTZH2793

Global Franchise Fund B Inc GBP

GB00BP4TYW77

Global Quality Dividend Growth Fund M Acc GBP

GB00BTZH2918

Global Franchise Fund M Acc GBP

GB00BP4TYV60

Global Quality Dividend Growth Fund M Inc-2 GBP

GB00BTZH2B38

Global Franchise Fund M Inc 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 on this communication please contact the SS&C Distributor Client Services Team using the WebChat option below

IMPORTANT NOTE: For client(s) who hold 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 30 May 2025 and in any event within two months of the 30 May 2025.  For client(s) who held accumulation shares, any available income was accumulated within the Global Quality Dividend Growth 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 Global Franchise 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.`