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Subcategories from this category: Aberdeen Standard Investments

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Due to an internal conversion project Calastone will be unavailable fordealing into our R and A share classes from 12.00 on Thursday 3rd September until 09:00 on Friday 4th September. During this time any deals can either be held or submitted manually. Dealing will reopen at 09.00 on Friday 4th September and any deals previously held will be placed before the 12:00 dealing cut off and will achieve the same valuation point as they would have received if they had been placed at the original date of receipt, i.e. the 08:00 VP on Monday 7th September.  

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AXA Investment Managers UK Limited (referred to in this statement as (“AXA IM” or “we”)) has taken the decision to close the AXA Rosenberg European Fund (the “Fund”), a sub-fund of the AXA Rosenberg Global Investment Company ICVC (the “Scheme”). Our reasons for this decision are explained below.

 

After careful consideration with the Fund’s depositary, J.P. Morgan Europe Limited, we have concluded that the Fund is no longer of sufficient size to allow for your investment to be managed in an economical way.

 

We are aware that, due to the reduced size of the Fund, the Fund is no longer providing value for its shareholders when taking account of the fees and costs incurred in running the Fund. Further, there does not appear to be any prospect of a resurgence of demand in this Fund or its strategy to attract sufficient new inflows to make the Fund commercially sustainable.

 

We therefore believe that it would be in the best interests of all parties to close the Fund.  We have the consent of the Fund’s depositary to do so and approval from the Financial Conduct Authority (the “FCA”) that the closure of the Fund will not affect the ongoing authorisation of the Scheme.  

 

The closure of the Fund will begin immediately following the suspension of dealing in the Fund on 07 September 2020 (the “Fund Closure Date”), or on such other date as may be notified to you. 

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ConBrio Fund Partners Limited (formerly Castlefield Fund Partners Limited)
has appointed SS&C as administrator for the following fund ranges, effective from trade date 6th July 2020;

 

Fund Name

ISIN:

CFP Castlefield B.E.S.T Sustainable European Fund Inc

GB00BF4VR355

CFP Castlefield B.E.S.T Sustainable Income Fund Inc

GB00B13NPH48

CFP Castlefield B.E.S.T Sustainable UK Opportunities Fund Inc

GB00B8J7Y492

CFP Castlefield B.E.S.T Sustainable UK Smaller Companies Fund Inc

GB00B1XQNH95

CFP Castlefield Real Return Fund Inc

GB00B12V1482

CFP Castlefield B.E.S.T Sust. Portfolio Founder Inc

GB00BFNWMY57

CFP Castlefield B.E.S.T Sust. Portfolio General Inc

GB00BYXG3H04

CFP SDL Free Spirit Fund Acc

GB00BYYQC271

CFP SDL Free Spirit Fund Inc

GB00BYYQC495

CFP SDL UK Buffetology Fund Acc

GB00BF0LDZ31

CFP SDL UK Buffetology Fund Inc

GB00BKJ9C676

 

In line with this change, we are communicating updates that will apply to existing holdings. Your account numbers and agent codes currently held for trading in the above funds will change. We will be communicating the new details to you directly no later than Wednesday 1st July 2020, which will be used for trading from 6th July 2020.

**UPDATED 02/07 - BANK DETAILS**

Apologies for any confusion, we can confirm the following bank details are to be used for trades placed on or after 6th July 2020:

Bank: Bank Of America

SWIFT Code:BOFAGB22

IBAN: GB88BOFA16505084328056

Sort Code: 16-50-50

Account Number: 84328056

Account Name: ConBrio FP Limited Dealing

The bank account name will shortly be renamed in line with the rebranding. We will update the bank details available on the ConBrio fund groups page once this change has taken place.

 

Dealing:

Dealing will be available from 8am on Monday 6th July 2020 on EMX and CTN.

 
**UPDATED 25/06**

EMX details are as follows;

Participant ID: CSTFP 

Product Code

Product Name

000002

CFP Sanford DeLand ICVC

000003

CFP Castlefield Portfolio ICVC

000004

CFP Castlefield Funds ICVC

 

Should you wish to link your agent codes to EMX for the participants mentioned above, please complete the 'EMX Agent Linking' spreadsheet on the following link: https://www.distributorportal.co.uk/documents/ss-c-instruction-templates

 

The Conbrio (Castlefield) fund provider identifier (CODE/BIC/DN) for Calastone trading will not change. However, if you have any queries on your connectivity, please refer to your contact at Calastone to clarify.

 

For queries relating to dealing and settlement for trades placed up to and including the VP 3 July 2020, please refer to Maitland directly for these details. SS&C will not hold a full transaction history for these holdings.

 

Any trades received on Monday 6th July 2020 with an old account number/agent code will be rejected and you will need to re-submit with the new account number/agent code provided to you. Any trades placed from this date will need to be paid to the bank details available on the relevant fund group page, which will be available on live date.

 

Coveralls

SS&C will NOT be carrying coveralls over from the previous administrator. Therefore, SS&C will need updated coverall forms from all clients. We have contacted all existing clients directly to ask for forms to be completed and returned to us by Wednesday 1st July 2020. Historic account numbers can be quoted on this form. If forms are returned after this date we cannot guarantee coveralls will be in place in readiness for the migration. If you require a copy of the coverall forms, please contact us via our Webchat service.

 

Distributor Portal

For accounts that you wish to be linked to the Distributor Portal, we will require new linking forms submitted to us alongside letters of authority where required. For forms that are provided to us prior to Friday 3rd July 2020 we will link the accounts in readiness for the live date. Any forms provided to us after this date will be processed as soon as possible after the migration.

 

Please ensure you have made all relevant internal parties aware of these changes and updates are made in line with the dates above. If you do have any questions or queries please utilise webchat or for alternative contact details see the below link: https://distributorportal.co.uk/contact-us

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Following FCA approval, Jupiter International Financials Fund will be renamed to Jupiter Global Financial Innovation Fund on 31 October 2020. The Investment Objective, Policy and Benchmark will also be updated and the performance fee removed at this time. Please see the investor notification Here for further details.  

   

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Jupiter has received FCA approval to close the Jupiter Enhanced Distribution Fund.

Please find a copy of the circular here which was posted to our clients and agents from the 1 July 2020 , confirming our intention to close the fund.

The closure date will be the 22 July 2020.

If you have any queries regarding this notification please contact your Jupiter Sales representative or account manager.      

Fund Name    Sedol   ISIN  
ENHANCED DISTRIBUTION (ACC)   BZ0PF15   GB00BZ0PF158  
ENHANCED DISTRIBUTION (INC)   BZ0PF04   GB00BZ0PF042  
ENHANCED DISTRIBUTION I CLASS (ACC)   BZ0PF37   GB00BZ0PF372  
ENHANCED DISTRIBUTION I CLASS (INC)   BZ0PF26   GB00BZ0PF265  

 

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Following our initial launch of the new Document Upload function on Friday 3 July, Jupiter will be added to the service from 29 July.

We will not accept e-mail stock transfers for Jupiter after 5pm on 31 July.

For further details on Document Upload, please click here.
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Following our initial launch of the new Document Upload function on Friday 3 July, McInroy & Wood will be added to the service from 4 August.

We will not accept e-mail stock transfers for Jupiter after 5pm on 7 August.

For further details on Document Upload, please click here.
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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 cease from 12:00 on 28/07/2020. The merger of the holdings in the donor shareclass with the holdings in the host shareclasses listed below will take place over the weekend of 01/08/2020 with the effective date of 31/07/2020.

Fax and postal dealing instructions for the host shareclasses that are received after 12:00 on 31/07/2020 will be held until open of business on 03/08/2020 whereupon they will be processed into the 12:00 VP for value date 03/08/2020. STP dealing in the Host shareclasses will be paused from 12:00 on 31/07/2020 until open of business on 03/08/2020.



Update to original post:
*As of 30 July 2020, the Invesco Income Fund (UK) will be renamed to the Invesco UK Equity Income Fund (UK)

Please contact the Distributor Client Services Team with any queries related to this event, our contact details can be found by clicking here.

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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 23/07/2020 to allow the holdings in the donor shareclasses to be merged into the host shareclass  detailed in the table below.

Electronic Stock and plan transfers  will be restricted from 17:00 on 17/07/2020, it will still be possible to place re-registration deals by submitting a fax instruction.

The merger effective date will be 24/07/2020.

Investors will be able to place deals in the Host unitholding from open of business on 27/07/2020.

Donor share class

Donor ISIN

Host share class

Host ISIN

SLI Pan European Trust Institutional Acc

GB0008383423

SLI European Trust II Fund SL Acc

GB00B7TJVD64

Merger Ratio

0.60086086

   
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Changes are being made to the Allianz Global Investors GmbH OEIC bank accounts with effect from Monday 3rd August so please read this communication to ensure your processes continue to function as expected  

  1. Money IN Bank account (for the settlement of Subscriptions)    

Sort Code: 40-02-50  

Account Number: 71408925  

   
Only the account name changes  

From:  
Allianz Global Investors GmbH Dealing Account No 3  

To: (from the 3rd Aug 2020) 

Allianz Global Investors GmbH Client Money receipts account  

  

  1. Money OUT (the account from which Allianz pay redemption money from)  

This is a new account as follows:  

Account name- Allianz Global Investors GmbH Client Money Payment  

Sort Code - 404170  

Account Number - 80001678  

IBAN- GB60MIDL40417080001678  

Swift Code - MIDLGB22  

   

 

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We are pleased to confirm that Calastone trading will be available on Omnis Investment funds as of Monday the 3rd of August 2020.

 

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Following our initial launch of the new Document Upload function on Friday 3 July ConBrio has been added to the service from 23 July.

For further details on Document Upload, please click here.
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Effective 30 July 2020, the Invesco High Income Fund (UK) will be renamed the Invesco UK Equity High Income Fund (UK).

 

All fund codes and fees will remain unchanged.

 

The changes affect the following share classes:

 

Current Name

SEDOL

ISIN

New Name

Invesco High Income Fund (UK) Accumulation Shares

3303148

GB0033031484

Invesco UK Equity High Income Fund (UK) Accumulation Shares

Invesco High Income Fund (UK) Income Shares

3305401

GB0033054015

Invesco UK Equity High Income Fund (UK) Income Shares

Invesco High Income Fund (UK) Accumulation (No Trail) Shares

B1W7HH1

GB00B1W7HH10

Invesco UK Equity High Income Fund (UK) Accumulation (No Trail) Shares

Invesco High Income Fund (UK) Income (No Trail) Shares

B1W7HJ3

GB00B1W7HJ34

Invesco UK Equity High Income Fund (UK) Income (No Trail) Shares

Invesco High Income Fund (UK) Accumulation (Y) Shares

BJ04HP8

GB00BJ04HP86

Invesco UK Equity High Income Fund (UK) Accumulation (Y) Shares

Invesco High Income Fund (UK) Income (Y) Shares

BJ04HQ9

GB00BJ04HQ93

Invesco UK Equity High Income Fund (UK) Income (Y) Shares

Invesco High Income Fund (UK) Accumulation (Z) Shares

B8N46L7

GB00B8N46L71

Invesco UK Equity High Income Fund (UK) Accumulation (Z) Shares

Invesco High Income Fund (UK) Income (Z) Shares

B8N46M8

GB00B8N46M88

Invesco UK Equity High Income Fund (UK) Income (Z) Shares

 

Additionally, effective 1 October 2020, the frequency of distribution payments from the fund will change from half-yearly to quarterly.

 

Current distribution payment dates

Future distribution payment dates

28 February

28 February

31 May

31 August

31 August

30 November

 

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Effective 30 July 2020, the Invesco Income Fund (UK) will be renamed the Invesco UK Equity Income Fund (UK).

 

All fund codes and fees will remain unchanged.

 

The changes affect the following share classes:

 

Current Name

SEDOL

ISIN

New Name

Invesco Income Fund (UK) Accumulation Shares

3303126

GB0033031260

Invesco UK Equity Income Fund (UK) Accumulation Shares

Invesco Income Fund (UK)

Income Shares

3305382

GB0033053827

Invesco UK Equity Income Fund (UK) Income Shares

Invesco Income Fund (UK) Accumulation (No Trail) Shares

B1W7HK4

GB00B1W7HK49

Invesco UK Equity Income Fund (UK) Accumulation (No Trail) Shares

Invesco Income Fund (UK) Income (No Trail) Shares

B1W7HL5

GB00B1W7HL55

Invesco UK Equity Income Fund (UK) Income (No Trail) Shares

Invesco Income Fund (UK) Accumulation (Y) Shares

BJ04HW5

GB00BJ04HW53

Invesco UK Equity Income Fund (UK) Accumulation (Y) Shares

Invesco Income Fund (UK) Income (Y) Shares

BJ04HX6

GB00BJ04HX60

Invesco UK Equity Income Fund (UK) Income (Y) Shares

Invesco Income Fund (UK) Accumulation (Z) Shares

B8N46V7

GB00B8N46V79

Invesco UK Equity Income Fund (UK) Accumulation (Z) Shares

Invesco Income Fund (UK) Income (Z) Shares

B8N46W8

GB00B8N46W86

Invesco UK Equity Income Fund (UK) Income (Z) Shares

 

 

 

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Please be aware that, subject to shareholder approval at an EGM on 24 July 2020, the Invesco UK Strategic Income Fund (UK) will be merged into the Invesco Income Fund (UK)*, effective 12:01pm on 31 July 2020.

 

If the vote at the EGM is successful, the last dealing date for the fund will be 12:00pm on 28 July 2020. Any deals placed after that point will be rejected.

 

Share classes affected will be as follows:

 

Share types

SEDOL

ISIN

MEXID

Citi Codes

Accumulation

B1W7J42

GB00B1W7J428

BRIUKA

Z505

Income

B1W7J53

GB00B1W7J535

BRIUKI

Z506

Accumulation (No Trail)

B1W7J64

GB00B1W7J642

BRISIA

Z507

Income (No Trail)

3305445

GB0033054452

BRSCA

BR32

Z (Accumulation)

B8N46X9

GB00B8N46X93

BRSTRA

GUYK

Z (Income)

B8N46Y0

GB00B8N46Y01

BRTRAT

GUYL

Y (Accumulation)

BJ04KY8

GB00BJ04KY80

BRAAJY

K64G

Y (Income)

BJ04KZ9

GB00BJ04KZ97

BRAAJZ

K64H

 

*As of 30 July 2020, the Invesco Income Fund (UK) will be renamed to the Invesco UK Equity Income Fund (UK).

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Please be aware that there will be a planed outage of the DCS Help Centre from 3pm on 15 July until 22 July while we migrate to our new domain. If you need any support during this time please web chat with a member of the team.
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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 09/07/2020 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

Merger Ratio

Royal London European Opportunities Fund M (Acc)

GB00B3BVQM68

Royal London European Growth Fund M (Acc)

GB00B52VBP79

1.00337046

Royal London European Opportunities Fund R (Acc)

GB00BGDYFH23

Royal London European Growth Fund R (Acc)

GB00BGDYFG16

0.20054268

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  • Important: Proposed Merger of Artemis Global Equity Income Fund into Artemis Global Income Fund
  1. We have undertaken an assessment on the ongoing viability of the Current Fund (Artemis Global Equity Income Fund). Having considered a number of options, we have concluded that a merger of the Current Fund with the Receiving Fund (Artemis Global Income Fund) is in the best interests of investors.

Current Fund

Fund Code

ISIN

Artemis Global Equity Income Fund Class 'I' Accumulation

GEA

GB00BW9HLK22

Artemis Global Equity Income Fund Class 'I' Distribution

GED

GB00BW9HLL39

 

 

Receiving Fund Name

Fund Code

ISIN

Merger Ratio

Artemis Global Income Fund Class 'I' Accumulation Units

GAI

GB00B5ZX1M70

0.91633981

Artemis Global Income Fund Class 'I' Distribution Units

GII

GB00B5N99561

1.11542201

  • What is changing?
    1. If it is approved by shareholders, we propose to transfer the assets of the Current Fund into the Receiving Fund by a process called a Scheme of Arrangement (the “Merger”). New units in the Receiving Fund will then be issued to you in exchange for your existing shares in the Current Fund.
    2. Following this, the Current Fund will be closed.
  • When will the changes take place?
    1. In order for the Merger to proceed, at least 75% of votes cast at an Extraordinary General Meeting of shareholders (“EGM”) on 25 June 2020 at 10.00am (UK time) must be in favour of the transfer. Update  - This was passed at the EGM on the 25th June.
    2. The meeting will be held virtually through the BlueJeans video conferencing platform (the ‘Online Platform’) or such other place as confirmed by the ACD. For further information about joining the meeting, the software needed and the pre-authentication process, please contact legal@artemisfunds.com. A guide on how to use the Online Platform is available at www.artemisfunds.com/fund-changes.
    3. Investors can vote for or against this proposal, either in person by virtual attendance at the EGM or by returning a digitally signed or scanned copy of the completed Voting Form by email to legal@artemisfunds.com, to be received by us by 10.00am (UK time) on 23 June 2020.
    4. If the Merger is approved at the EGM, the Merger will take place on 10 July 2020 (the “Effective Date”).
    5. The results of the EGM will be published on our website www.artemisfunds.com/fund-changes by 5.00pm (UK time) on 26 June 2020. 
    6.  
  • How will you be impacted by these changes?
    1. If it is approved, the Merger will bind all investors in the Current Fund on 9 July 2020 whether or not they voted in favour of it, or voted at all. If the Merger is not approved, the Current Fund will continue in its existing form and Artemis will review its options in relation to the Current Fund.
    2. The Current Fund was established as a mirror of the Receiving Fund with the same investment objective, policy and strategy. Both funds are managed by the same team of fund managers. The two funds hold the same portfolio of investments. It is felt that the Receiving Fund is a suitable alternative fund for investors in the Current Fund who wish to maintain their exposure to the strategy.
    3. A comparison of the features of the Current Fund and Receiving Fund is set out in Part C, including their objectives and policies and operating costs.
  • What options are available to you?
    1. Our priority is to minimise any disruption to you and provide ongoing certainty and continuity. We believe that approving the proposed Merger would be in your best interests.
    2. If the Merger is approved and you wish to redeem your existing shares in the Current Fund (“Existing Shares”) or switch your holding before the Merger takes place, we must receive your instructions before 12.00 noon (UK time) on 9 July 2020. If you send a request after this time, we will treat this as applying to your new units issued under the Merger and it will be processed on the next dealing day in the Receiving Fund after the Effective Date. The first dealing day in the Receiving Fund following the Effective Date is expected to be 13 July 2020. If you wish to redeem or switch your Existing Shares prior to the Merger, please contact us using the details below.
  • Please note that a redemption or switch will be treated as a disposal of your Existing Shares for tax purposes and you may be liable to capital gains tax on any gains arising from the redemption or switch of your Existing Shares.
  • What are the tax implications of the proposed change?
    1. The tax implications of the proposed Merger are described in Part B of the Circular.
  • If you are in any doubt about your potential liability to tax, you should consult a professional adviser. Please note that Artemis will not be responsible for or pay any investor’s personal tax liability arising from the Mergers.
Hits: 866

  • Important: Proposed Merger of Artemis Global Equity Income Fund into Artemis Global Income Fund
  1. We have undertaken an assessment on the ongoing viability of the Current Fund (Artemis Global Equity Income Fund). Having considered a number of options, we have concluded that a merger of the Current Fund with the Receiving Fund (Artemis Global Income Fund) is in the best interests of investors.

Current Fund

Fund Code

ISIN

Artemis Global Equity Income Fund Class 'I' Accumulation

GEA

GB00BW9HLK22

Artemis Global Equity Income Fund Class 'I' Distribution

GED

GB00BW9HLL39

 

 

Receiving Fund Name

Fund Code

ISIN

Merger Ratio

Artemis Global Income Fund Class 'I' Accumulation Units

GAI

GB00B5ZX1M70

0.91633981

Artemis Global Income Fund Class 'I' Distribution Units

GII

GB00B5N99561

1.11542201

  • What is changing?
    1. If it is approved by shareholders, we propose to transfer the assets of the Current Fund into the Receiving Fund by a process called a Scheme of Arrangement (the “Merger”). New units in the Receiving Fund will then be issued to you in exchange for your existing shares in the Current Fund.
    2. Following this, the Current Fund will be closed.
  • When will the changes take place?
    1. In order for the Merger to proceed, at least 75% of votes cast at an Extraordinary General Meeting of shareholders (“EGM”) on 25 June 2020 at 10.00am (UK time) must be in favour of the transfer. Update  - This was passed at the EGM on the 25th June.
    2. The meeting will be held virtually through the BlueJeans video conferencing platform (the ‘Online Platform’) or such other place as confirmed by the ACD. For further information about joining the meeting, the software needed and the pre-authentication process, please contact legal@artemisfunds.com. A guide on how to use the Online Platform is available at www.artemisfunds.com/fund-changes.
    3. Investors can vote for or against this proposal, either in person by virtual attendance at the EGM or by returning a digitally signed or scanned copy of the completed Voting Form by email to legal@artemisfunds.com, to be received by us by 10.00am (UK time) on 23 June 2020.
    4. If the Merger is approved at the EGM, the Merger will take place on 10 July 2020 (the “Effective Date”).
    5. The results of the EGM will be published on our website www.artemisfunds.com/fund-changes by 5.00pm (UK time) on 26 June 2020. 
    6.  
  • How will you be impacted by these changes?
    1. If it is approved, the Merger will bind all investors in the Current Fund on 9 July 2020 whether or not they voted in favour of it, or voted at all. If the Merger is not approved, the Current Fund will continue in its existing form and Artemis will review its options in relation to the Current Fund.
    2. The Current Fund was established as a mirror of the Receiving Fund with the same investment objective, policy and strategy. Both funds are managed by the same team of fund managers. The two funds hold the same portfolio of investments. It is felt that the Receiving Fund is a suitable alternative fund for investors in the Current Fund who wish to maintain their exposure to the strategy.
    3. A comparison of the features of the Current Fund and Receiving Fund is set out in Part C, including their objectives and policies and operating costs.
  • What options are available to you?
    1. Our priority is to minimise any disruption to you and provide ongoing certainty and continuity. We believe that approving the proposed Merger would be in your best interests.
    2. If the Merger is approved and you wish to redeem your existing shares in the Current Fund (“Existing Shares”) or switch your holding before the Merger takes place, we must receive your instructions before 12.00 noon (UK time) on 9 July 2020. If you send a request after this time, we will treat this as applying to your new units issued under the Merger and it will be processed on the next dealing day in the Receiving Fund after the Effective Date. The first dealing day in the Receiving Fund following the Effective Date is expected to be 13 July 2020. If you wish to redeem or switch your Existing Shares prior to the Merger, please contact us using the details below.
  • Please note that a redemption or switch will be treated as a disposal of your Existing Shares for tax purposes and you may be liable to capital gains tax on any gains arising from the redemption or switch of your Existing Shares.
  • What are the tax implications of the proposed change?
    1. The tax implications of the proposed Merger are described in Part B of the Circular.
  • If you are in any doubt about your potential liability to tax, you should consult a professional adviser. Please note that Artemis will not be responsible for or pay any investor’s personal tax liability arising from the Mergers.
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Following our initial launch of the new Document Upload function on Friday 3 July the following Fund Groups will support the new service from 13 July,

  • Aberdeen Standard Investments
  • Architas
  • Aviva
For further details on Document Upload, please click here.
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