On 6 December 2024, Ninety One Fund Managers UK Limited issued a circular to shareholders in the UK Sustainable Equity Fund, together with a notice of an EGM regarding the proposed merger of the UK Sustainable Equity Fund into the Global Sustainable Equity Fund. This merger was approved by shareholders at the EGM held on 15 January 2025.
· Dealings in the UK Sustainable Equity Fund ceased after the last VP at 12 noon on 27 February 2025.
· The final accounting period for the UK Sustainable Equity Fund ended at 12 noon on 27 February 2025, and the fund is XD at this point (investors on the register at this time qualified for any available income distribution). The merger took place after the fund was ‘XD’ at 12.01 pm on 28 February 2025.
· Dealings in the shares allocated as a result of the merger in the UK Special Situation Fund commenced on 3 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 Sustainable Equity Fund together with the number of new shares allocated in the Global Sustainable Equity Fund will be available to view via the Secure Distributor Portal from 3 March 2025. The merger circular can be obtained on our website here:
The merger ratio can be found here
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 investors who hold the accumulation share class type, any available income will be accumulated within the Global Sustainable Equity Fund and reflected in the value of those shares. This value, including any income, will be used to calculate the number of shares issued to you in the Global Sustainable Equity Fund. Tax vouchers, if applicable, will also be sent to investors in both the accumulation and income share classes by 30 April 2025.