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Blog posts from IFDS for news section.

Subcategories from this category: Aberdeen Standard Investments



Due to the merger activities of non-sterling share classes between M&G Securities Ltd and M&G International Investments SA, M&G have announced the dealing suspension of related Sterling share classes of OEIC funds at 12:00pm noon on 06/12/2018 until 11/12/2018. The M&G Funds shown below will be will be suspended from dealing; individual share classes and market identifiers are shown on the following pages.


M&G OEIC Fund Name Suspension Date Next Dealing Date
M&G Global Floating Rate High Yield Fund 06/12/2018 12:00 pm 11/12/2018
M&G Emerging Markets Bond Fund 06/12/2018 12:00 pm 11/12/2018
M&G Global Dividend Fund 06/12/2018 12:00 pm 11/12/2018


Operational Details:
  • Deals received for these share classes during the suspension period will be queued and placed at the first valuation point following the unsuspension.
  • Stock transfer requests will continue to be accepted but will not be processed during the suspension period.
  • Other features of these share classes will continue to function including distribution accruals, rebate accruals and pricing.
  • The share classes will be priced and published as usual on 07/12/2018.
  • Prices will not be calculated on 10/12/2018 but published prices will be issued on this date which will be the same as the prices made on 07/12/2018.
  • Usual pricing will resume on 11/12/2018.
  • All other sterling share classes of M&G other OEIC funds are not affected by these dealing suspensions and will operate as business as usual.
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Please note that the 'AXA Framlington Financial Fund' has changed name to The 'AXA Framlington FinTech Fund' with effect from 20th November 2018
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Further to the recent mailing to notify current Donor shareclass unitholders of the proposed event, dealing in the donor shareclasses will be suspended after the 12:00VP on 31/12/2018 to allow the holdings in the donor shareclasses to be converted into the host share classes as detailed in the below table on the 02/01/2019

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.


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Further to the recent mailing to notify current Donor shareclass unitholders of the upcoming event, dealing in the donor shareclasses will be suspended after the 12 noon VP on 24/01/2019. All shares in the donor class will be converted to the host share class as detailed in the below table on the effective date of 25/01/2019

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.

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Following the recent Investor mailings advising of the forthcoming fund closures, please be aware that the funds detailed below will be closing on 14 January 2019 (the effective date). Please note that dealing in the fund will cease from 12 noon on Friday 11th January 2019 to allow for commencement of closure of the Trust on the effective date.

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


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Due to the merger activities of non-sterling share classes between M&G Securities Ltd and M&G International Investments SA, M&G have announced the dealing suspension of related Sterling share classes of OEIC funds at 12:00pm noon on 08/11/2018 until 12/11/2018. The M&G Funds shown below will be will be suspended from dealing; individual share classes and market identifiers are shown on the following pages.



Operational Details:

  • Deals received for these share classes during the suspension period will be queued and placed at the first valuation point following the unsuspension.
  • Stock transfer requests will continue to be accepted but will not be processed during the suspension period.
  • Other features of these share classes will continue to function including distribution accruals, rebate accruals and pricing.
  • The share classes will be priced and published as usual on 09/11/2018.
  • Prices will not be calculated on 12/11/2018 but published prices will be issued on this date which will be the same as the prices made on 09/11/2018.
  • Usual pricing will resume on 13/11/2018.
  • All other sterling share classes of M&G other OEIC funds are not affected by these dealing suspensions and will operate as business as usual.
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This message is relevant to any shareholders with holdings in the share classes detailed below (see ‘Current Share Class Name’ and ‘ISIN’ columns).

With effect Monday 31st October 2018, the relevant share classes will be known as JPM Global Macro Fund share classes. All associated share class codes, on-going charges figures etc will remain the same; it is only the fund name which is changing.

We contacted affected shareholders regarding these changes on 31st August 2018; this note is purely a reminder of this forthcoming action.

Current Share Class Name

ISIN

New Share Class Name

JPM Global Macro Balanced Fund A Accumulation

GB00B09RGK38

JPM Global Macro Fund A Accumulation

JPM Global Macro Balanced Fund A Income

GB00B09RGL45

JPM Global Macro Fund A Income

JPM Global Macro Balanced Fund B Accumulation

GB00B1YWMZ79

JPM Global Macro Fund B Accumulation

JPM Global Macro Balanced Fund C Accumulation

GB00B235HC61

JPM Global Macro Fund C Accumulation

JPM Global Macro Balanced Fund C Income

GB00B235HG00

JPM Global Macro Fund C Income

 

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Liontrust are pleased to announced that they have received more than the 75% quorum to approve the merger of the Liontrust FTSE 100 Tracker Fund into the Liontrust UK Growth Fund (I Income units). The merger will be effective on the 25th of October 2018.

Dealing in the donor fund will cease at 12pm on the 22nd of October, 2018 and all remaining holders will then have their units switched on the merger effective date under a special 12:05pm valuation point. Deal confirmations will be available as normal shortly thereafter.

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.

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Due to the merger activities of non-sterling share classes between M&G Securities Ltd and M&G International Investments SA, M&G have announced the dealing suspension of related Sterling share classes of OEIC funds at 12:00pm noon on 25/10/2018 until 30/10/2018. The M&G Funds shown below will be will be suspended from dealing; individual share classes and market identifiers are shown on the following pages.



Operational Details:
Deals received for these share classes during the suspension period will be queued and placed at the first valuation point following the unsuspension.
Stock transfer requests will continue to be accepted but will not be processed during the suspension period.
Other features of these share classes will continue to function including distribution accruals, rebate accruals and pricing.
The share classes will be priced and published as usual on 26/10/2018.
Prices will not be calculated on 29/10/2018 but published prices will be issued on this date which will be the same as the prices made on 26/10/2018.
Usual pricing will resume on 30/10/2018.
All other sterling share classes of M&G other OEIC funds are not affected by these dealing suspensions and will operate as business as usual.

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Aviva are closing Share Class 6 of each below Fund and converting investors into Share Class 1 of the same fund.

Aviva intend to convert:




The conversions will take effect on 29 October 2018

Unless notified, any holdings in share class 6 of a fund will automatically be converted into Share Class 1 of that Fund on the basis described above, and the investment will be made through Share Class 1 from 29 October 2018.
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Further to previous communication from M&G on 5th September concerning the proposed merger of a number of non-sterling share classes of M&G OEIC funds to SICAV structures, this updated notification to is advise you that at the relevant EGMs held on 4th October the proposed mergers were approved and will be effective from the dates shown below;



Please take note of the following points concerning the mergers and sterling share classes of funds impacted by the mergers,

Operational Details:
• The non-sterling share classes of M&G OEIC funds which are being merged will be suspended from dealing from 11.30 CET on each Thursday prior to the merger date. After the mergers, trading in the new M&G SICAV shares will commence at 08:00 CET on each Tuesday.
• Sterling share classes of the M&G OEIC funds which are being merged will be suspended from dealing from 12.00pm UK Time on each Thursday prior to the merger date. After the mergers, trading in the same shares will commence at 09:00 UK time on each Tuesday. The attached file ‘GBP suspension share classes’ give details of the Sterling share classes which will be suspended from dealing.
• We recommend that shareholders of non-sterling share classes reconcile share positions regularly up to the effective date of each merger.
• For the non-sterling M&G OEIC share classes which will be merging a special distribution XD date will be in place at the final valuation date. Income arising from this distribution will be paid within 2 months of the merger dates. Sterling share classes are not affected by this final extraordinary distribution.
• Some sterling share classes of certain M&G OEIC funds which will be unsustainable following the merger of non-sterling share classes to SICAV products will be closed. The list of these share classes is shown below and on the attached file.




Share Class Conversion Factor Details for non-sterling share classes:
• M&G will publish share class conversion factors over the weekend following each merger. Contract notes confirming share positions will be faxed to shareholders on the first calendar day after each merger. If Shareholders wish to calculate the numbers of shares issued the published share class conversion merger factors must be used.
• The share class conversion factors will be calculated based on the adjusted mid net asset value per share from the last valuation point of the respective M&G OEIC and M&G SICAV funds on the date of the merger. The number of shares issued by the M&G SICAV funds will be calculated by multiplying the number of M&G OEIC shares held by this share class conversion factor.
• It is not possible to calculate the share class conversion factors by using the externally published prices issued at the last valuation point before the mergers. For the OEIC funds, the published prices at the last valuation will be based on either the Bid or Offer price rather than at mid-net asset value. Additionally, the prices will include income which would be distributed to holders of income shares prior to calculation of the share class conversion factors.

All relevant documentation can be found at M&G’s website www.mandg.com/BrexitMergerDocumentation and the investor circulars giving details of the mergers are attached If you have any query please contact M&G Securities Ltd by email at info@mandg.co.uk or by telephone on 0800 390 390.
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Aviva are closing Share Class 6 of each below Fund and converting investors into Share Class 1 of the same fund. The conversions will take effect on 29 October 2018

Unless Aviva are notified, any holdings in share class 6 of a fund will automatically be converted into Share Class 1 of that Fund on the basis described above, and the investment will be made through Share Class 1 from 29 October 2018.


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Further to the rebrand earlier in the year where a number of Old Mutual funds were re-branded to Quilter Investors, the remaining Old Mutual fund have now been re-branded to Merian Global Investors.
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This is a reminder that from 5 October 2018, Architas will be aligning the dealing cut off times and valuation points across our UK fund range. The dealing cut off times will change to 12:00 midday and the valuation points will change to 8:00 am the following business day. Please refer to the attached spread sheet which shows, by fund, the specific valuation point trades will receive as the new dealing cut off times are effected.

Fund List 

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On 06/09/18, a notification letter was issued to the current unitholders of the shareclasses listed below to inform them that the fund will be closed on 05/10/18.

Dealing in the closing shareclasses will continue up to the Valuation point of 12pm on 04/10/18, after this time dealing will be suspended and the fund will be closed as described in the letter.



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.
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With effect from 1 October 2018 Invesco Perpetual will be moving to a unified global brand - Invesco – everywhere we do business. Operating under a single brand allows us to better differentiate Invesco in the marketplace, strengthen our message to the market and contribute to a more consistent client experience.

The move to one brand means that there will be changes to our Investment Series names, ICVC fund names, administration centre name and website address, to reflect the Invesco brand. Details of these changes can be found in the attached leaflet: you can find the codes of all the funds affected in the attached spreadsheet.

Where required, we will be seeking FCA approval and these changes will only be made on receipt of this approval.

Should you have any questions or require additional information please contact your Relationship Manager.
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Please click here for more information on the AXA Net to Gross Share Class Conversion.
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Please be advised that Standard Life Investments will be open for dealing on Monday 27 August.

This is a trading day however it will not be treated as a settlement day as this is a UK bank holiday.

Please see the below breakdown which confirms VP and settlement dates:




We would be grateful if you could set expectations with your dealing/reconciliation/settlements teams to avoid unnecessary enquiries.
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