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FUND MERGER – Monthly High Income Fund, into Global Total Return Credit Fund

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FUND MERGER – Monthly High Income Fund, into Global Total Return Credit Fund

On 27 October 2021, Ninety One Fund Managers UK Limited issued a circular to shareholders in the Monthly High Income Fund, together with a notice of an EGM regarding the proposed merger of the Monthly High Income Fund, into Global Total Return Credit Fund. This merger was approved by shareholders at the EGM held on 19 November 2021.

 

  • Dealings in the Monthly High Income Fund will cease after the last VP at 12 noon on 09 December 2021.
  • The final accounting period for the Monthly High Income Fund ends at 12 noon on 09 December 2021 and the fund is XD at this point (investors on the register at this time will qualify for any available income distribution). The merger then takes place after the fund is ‘XD’ at 12.01pm on 10 December 2021.
  • Dealings in the shares allocated as a result of the merger in the Global Total Return Credit Fund will commence on 13 December 2021.

No contract notes will be sent confirming the merger transactions but a confirmation letter will be sent to shareholders within ten business days of the merger and details of the number of shares which were held in the Ninety One Monthly High Income Fund together with the number of new shares allocated in the Global Total Return Credit Fund will be available to view via Distributor Online (‘DOLR’) from 13 December 2021. The merger circulars and merger ratios can be found on our website here:

https://ninetyone.com/-/media/documents/2021/91-oeic-merger-proposal-monthly-high-income-fund-client-en.pdf

https://ninetyone.com/-/media/documents/2021/91-oeic-merger-proposal-monthly-high-income-fund-client-en.pdf

Merging Fund ISIN

Merging Fund Share Class Name

Receiving Fund ISIN

Receiving Fund Share Class Name

GB0031141681

Ninety One Monthly High Income Fund A Income-2 Shares

GB00BF4JM120

Ninety One Global Total Return Credit Fund A Income-2

GB0031141798

Ninety One Monthly High Income Fund A Accumulation Shares

GB00BK80VC04

Ninety One Global Total Return Credit Fund A Accumulation

GB00B2Q1JD67

Ninety One Monthly High Income Fund I Accumulation Shares

GB00BFM79K62

Ninety One Global Total Return Credit Fund I Accumulation

GB00B3FPFP05

Ninety One Monthly High Income Fund S Accumulation Shares

GB00BK80VG42

Ninety One Global Total Return Credit Fund S Accumulation

GB00B7MDT866

Ninety One Monthly High Income Fund I Income-2 Shares

GB00BF4JM237

Ninety One Global Total Return Credit Fund I Income-2

GB00B8PLF315

Ninety One Monthly High Income Fund R Accumulation Shares

GB00BK80VD11

Ninety One Global Total Return Credit Fund R Accumulation

GB00B8PLQH25

Ninety One Monthly High Income Fund R Income-2 Shares

GB00BK80VF35

Ninety One Global Total Return Credit Fund R Income-2

 

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 income shares and had their income paid out to them, any available income will be paid to you by 09 February 2021.    For any investors who held income shares and automatically reinvested their income, any available income from the final income distribution will be reinvested in the Global Total Return Credit Fund income shares on 31 May 2021. 

 

For investors who held the accumulation share class type, any available income will be accumulated within the Monthly High Income 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 Total Return Credit Fund.  Tax vouchers, if applicable, will also be send to investors in both the accumulation and income share classes by 09 February 2021. 

 

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