On 17 August 2022, Ninety One Fund Managers UK Limited issued a circular to shareholders in the Global Dynamic Fund, together with a notice of an EGM regarding the proposed merger of the Global Dynamic Fund, into Global Strategic Equity Fund. This merger was approved by shareholders at the EGM held on 21 September 2022.
- Dealings in the Global Dynamic Fund ceased after the last VP at 12 noon on 06 October 2022.
- The final accounting period for the Global Dynamic Fund ended at 12 noon on 06 October 2022 and the fund was XD at this point (investors on the register at this time will qualify for any available income distribution). The merger then took place after the fund was ‘XD’ at 12.01pm on 07 October 2022.
- Dealings in the shares allocated as a result of the merger in the Global Strategic Equity Fund commenced on 10 October 2022.
No contract notes will be 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 Ninety One Global Dynamic Fund together with the number of new shares allocated in the Global Strategic Equity Fund will be available to view via Distributor Online (‘DOLR’) from 10 October 2022.
The merger circular can be obtained on our website here:
The merger ratio can be found here:
Share Class Mapping:
Merging Fund ISIN |
Merging Fund Share Class Name |
Receiving Fund ISIN |
Receiving Fund Share Class Name |
|
GB00B01VDQ86 |
Ninety One Global Dynamic Fund A Accumulation Shares |
GB0031141806 |
Ninety One Global Strategic Equity Fund A Acc Shares |
|
GB00B2Q1JF81 |
Ninety One Global Dynamic Fund I Accumulation Shares |
GB00B1XFJ672 |
Ninety One Global Strategic Equity Fund I Acc Shares |
|
GB00B2Q1JJ20 |
Ninety One Global Dynamic Fund S Accumulation Shares |
GB00B1FQH977 |
Ninety One Global Strategic Equity Fund S Acc Shares |
|
GB00B01NJ778 |
Ninety One Global Dynamic Fund A Accumulation Shares (USD) |
GB00B0498L91 |
Ninety One Global Strategic Equity Fd A Acc Shr(USD) |
|
GB00BDGV6870 |
Ninety One Global Dynamic Fund I Acc GBP Port (AC) Hgd |
GB00BDGV6C12 |
Ninety One Global Strategic Equity Fd I Acc GBP Port(AC)Hgd |
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 PLEASE NOTE:
For investors who held the accumulation share class type, any available income will be accumulated within the Global Dynamic Fund and reflected in the value of those shares. This value, including any income was used to calculate the number of shares issued to you in the Global Strategic Equity Fund. Tax vouchers, if applicable, will also be sent to investors in both the accumulation and income share classes by 02 December 2022.