On 6 January 2021, Ninety One Fund Managers UK Limited issued a circular to shareholders in the UK Total Return Fund, together with a notice of an EGM regarding the proposed merger of the UK Total Return Fund into UK Special Situations Fund. This merger was approved by shareholders at the EGM held on 10 February 2021.

• Dealings in the UK Total Return Fund ceased after the last VP at 12 noon on 25 February 2021.

• The final accounting period for the UK Total Return Fund ends at 12 noon on 25 February 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 took place after the fund was ‘XD’ at 12.01pm on 26 February 2021.

• Dealings in the shares allocated as a result of the merger in the UK Special Situations Fund commenced on 1 March 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. Details of the number of shares which were held in the Ninety One UK Total Return Fund together with the number of new shares allocated in the Ninety One UK Special Situations Fund will be available to view via Distributor Online (‘DOLR’) from 1 March 2021. The merger circular and merger ratios are available on our website here:

https://ninetyone.com/-/media/documents/2021/91-oeic-merger-proposal-uk-total-return-en.pdf

https://ninetyone.com/-/media/documents/2021/91-oeic-merger-ratio-uk-total-return-to-uk-special-situations-26-february-2021.pdf

Merging Fund ISIN	Merging Fund Share Class Name	Receiving Fund ISIN	Receiving Fund Share Class Name
GB00B0DB0H64	UK Total Return Fund, A, Acc, GBP	GB0033063636	UK Special Situations Fund, B, Acc, GBP
GB00B8FV6L68	UK Total Return Fund, R, Acc, GBP	GB00B1XFJS91	UK Special Situations Fund, I, Acc, GBP
GB00B79C8894	UK Total Return Fund I, Acc, GBP	GB00BD5J0X50	UK Special Situations Fund, J, Acc, 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 or questions about this merger please contact the SS&C Distributor Client Services Team at +44 (0)203 938 1900 or by email to enquiries@ninetyone.com.

IMPORTANT PLEASE NOTE: For investors who hold the accumulation share class type, any available income will be accumulated within the UK Total Return Fund and reflected in the value of those shares. This value, including any income, will be used to calculate the number of new shares issued to you in the UK Special Situations Fund. Tax vouchers, if applicable, will also be sent to investors in both the accumulation and income share classes by 25 April 2021.

 

Janus Henderson Preference & Bond Fund will merge into Janus Henderson Fixed Interested Monthly Income Fund. Janus Henderson UK & Irish Smaller Companies Fund will merge into Janus Henderson UK Smaller Companies Fund.

Please be advised that, pending shareholder approval, Janus Henderson Investors will be merging the funds noted below on the 20th March 2021. The final valuation point (VP) for the donor fund will be at 12:00 on Thursday 18th March 2021. There is a non-dealing day on Friday 19th March across all share classes in both the Donor and Host funds. Normal dealing in the host fund will resume 9:00 on Monday 22nd March 2021.

Should you have any queries on this communication please contact the DST Distributor Client Services Team, our contact details can be found by clicking here.

Donor share class	Donor ISIN	Host share class	Host ISIN
Janus Henderson UK and Irish Smaller Companies Fund I Acc	GB00BQ8NSN19	Janus Henderson UK Smaller Companies Fund I Acc	GB0007447625
Janus Henderson UK and Irish Smaller Companies Fund A Acc	GB0032442252	Janus Henderson UK Smaller Companies Fund A Acc	GB0007447286
Janus Henderson UK and Irish Smaller Companies Fund E Acc	GB00BJ0LGM92	Janus Henderson UK Smaller Companies Fund E Acc	GB00BJ0LGV83
Janus Henderson UK and Irish Smaller Companies Fund C Acc	GB0032622051	Janus Henderson UK Smaller Companies Fund C Acc	GB00BKPJWZ03
Janus Henderson Preference & Bond Fund A Inc	GB0007535866	Janus Henderson Fixed Interest Monthly Income AQ Inc	GB00BKPJTG01
Janus Henderson Preference & Bond Fund E Inc	GB00BJ0LGF26	Janus Henderson Fixed Interest Monthly Income EQ Inc	GB00BKPJTH18
Janus Henderson Preference & Bond Fund Z Acc	GB0033681254	Janus Henderson Fixed Interest Monthly Income Fund Z Acc	GB00B5KTVV95
Janus Henderson Preference & Bond Fund I Inc	GB0007651721	Janus Henderson Fixed Interest Monthly Income IQ Inc	GB00BKPJTJ32
Janus Henderson Preference & Bond Fund I Acc	GB0007656001	Janus Henderson Fixed Interest Monthly Income Fund I Acc	GB00BXVMC989
Janus Henderson Preference & Bond Fund G Acc	GB00BL6KY203	Janus Henderson Fixed Interest Monthly Income G Acc	GB00BKPJXL32
Janus Henderson Preference & Bond Fund G Inc	GB00BL6KY310	Janus Henderson Fixed Interest Monthly Income GQ Inc	GB00BKPJXK25

We are pleased to announce that following the most recent review of progress made to prepare the Funds for reopening, the Board of Henderson Investment Funds Limited, which is the authorised corporate director (ACD) for the UK Property PAIF, is satisfied with the progress made to raise liquidity in the Funds to allow investor dealing to resume.  

Dealing in the Funds will recommence on 24 February 2021 and dealing instructions may be made from 8:00am to be processed at the noon valuation point that day.  

We would like to take this opportunity to thank you for your patience and continued support, and we apologise for any frustration and inconvenience the dealing suspension may have caused.  

The decision to resume dealing has been taken in agreement with the Funds’ Depositary/Trustee, NatWest Trustee and Depositary Services Limited. The Financial Conduct Authority (FCA) has also been informed.  

We will continue to monitor the Funds and the market in the lead up to the planned resumption of dealing. Should anything materially change, we will issue further updates.  

Attached to this notice is the investor letter that was issued to investors within the fund on 27 January 2021, which provides further details.  

   

Further to the recent mailing to notify current Donor shareclass unitholders of the proposed event, subject to their approval, dealing in the donor shareclasses will be suspended after the 12:00 VP on 05/03/2021 to allow the holdings in the donor shareclasses to be converted into the host share classes as detailed in the below table.

Should you have any queries on this communication please contact the DST Distributor Client Services Team, our contact details can be found by clicking here.

Donor share class	Donor ISIN	Host share class	Host ISIN
Quilter Investors Generation CPI+ 3 Portfolio A GBP Acc	GB00BYV6ZM19	Quilter Investors Monthly Income Portfolio A GBP Acc	GB00BLD6XZ78
Quilter Investors Generation CPI+ 3 Portfolio A GBP Inc	GB00B832Y951	Quilter Investors Monthly Income Portfolio A GBP Inc	GB00BLD6Y093
Quilter Investors Generation CPI+ 3 Portfolio R GBP Acc	GB00BYV6ZN26	Quilter Investors Monthly Income Portfolio F GBP Acc	GB00BZ00WN18
Quilter Investors Generation CPI+ 3 Portfolio R GBP Inc	GB00B800ND91	Quilter Investors Monthly Income Portfolio F GBP Inc	GB00BZ00WM01
Quilter Investors Generation CPI+ 3 Portfolio U1 GBP Acc	GB00BYV6ZP40	Quilter Investors Monthly Income Portfolio F GBP Acc	GB00BZ00WN18
Quilter Investors Generation CPI+ 3 Portfolio U1 GBP Inc	GB00B8HTKD84	Quilter Investors Monthly Income Portfolio F GBP Inc	GB00BZ00WM01
Quilter Investors Generation CPI+ 3 Portfolio U2 GBP Inc	GB00BJ38GR28	Quilter Investors Monthly Income Portfolio F GBP Inc	GB00BZ00WM01