SVM Funds Merger Proposal & Offload Announcement

Shareholder Circulars dated 5 September 2025 have been sent to Shareholders in SVM UK Opportunities Fund notifying them of the ACD’s proposal to merge the fund into RGI UK Opportunities Fund, a sub-fund of the RGI Funds ICVC.

Shareholder Circulars dated 5 September 2025 have been sent to Shareholders in SVM World Equity Fund notifying them of the ACD’s proposal to merge the fund into RGI Compound Global Equity Fund, a sub-fund of the RGI Funds ICVC

EGM’s were held on 23 September 2025 and approval was granted for the mergers too take effect from 24 October 2025.

The last VP for the funds will be 12.00 pm the 23 October 2025 with non-dealing days up to the 24 of September 2025.

Key Dates

Impacted Share classes

On the Effective Date, Shareholders in the SVM UK Opportunities Fund will be issued New Shares in RGI UK Opportunities Fund and Shareholders in SVM World Equity Fund will be issued New Shares in RGI Compound Global Equity Fund, as below

All Shares of the Merging Funds will be cancelled and will cease to be of any value on the Effective Date 

Conversion Transactions

The transaction type Re-Registration Out will be used to transfer the funds.

Automated Dealing

Electronic trading via EMX and CTN will be suspended after 12.00pm on 23 October 2025.  Dealing in New Shares in RGI UK Opportunities Fund and RGI Compound Global Equity Fund will commence from Monday 27 October 2025 and any trades should be submitted with your new account and agent details to the new connection details which will be issued by State Street.

Electronic Re-Registration will be suspended after 12.00pm on 17 October 2025 and any trades should be sent to the new Administrator from the 27 October 2025 with your new account and agent number to the new connection details which will be issued by State Street.

All deals in SVM UK Opportunities Fund and SVM World Equity Fund will be rejected after the 23 October 2025 VP.

New contact details

The Administrator of the RGI UK Opportunities Fund and RGI Compound Global Equity Fund is State Street Bank & Trust Company.  There will be a new address, telephone and fax number from the 27 October 2025, this will be provided to clients by State Street.

For any immediate queries the following email address can be used

rgi.ta@statestreet.com 

Settlement of inflight trades

Settlement proceeds for Sale transactions placed up to valuation point of the 23 October 2025 should continue to be paid to SS&C, using the existing account details, even if settlement is due after that date.

Secure Distributor Online Reporting

Secure Distributor Portal will show deal confirmation reports for trades up to the 23 October 2025, any trades for valuation points after this point will not be reported.

Data already available on the Secure Distributor Portal will remain available for 15 months after the report originally produced.