15th January 2015 - Last November, investors in the Old Mutual Property Fund voted in favour of merging the Old Mutual Property Fund with the Henderson UK Property OEIC. This merger has resulted in the Henderson UK Property OEIC increasing by around one sixth in size and will further diversify the property portfolio and tenant base of the Henderson UK Property OEIC. Henderson has undertaken due diligence on the incoming assets and is satisfied that the merger is in the interests of investors while independent valuations have been undertaken on the properties to ensure that the merger is fair for both sets of investors.
Investors in the Henderson UK Property OEIC were not required to vote on the merger because there is no material impact for investors in this fund. The Henderson UK Property OEIC will continue to be managed in the same way with the same investment process and management team.
The affected ISINs are detailed below:
|Henderson UK Property OEIC A Acc||GB00BP46GC27|
|Henderson UK Property OEIC A Inc||GB00BP46GD34|
|Henderson UK Property OEIC I Acc||GB00BP46GF57|
|Henderson UK Property OEIC I Inc||GB00BP46GG64|
The merger will be implemented following the valuation point on Thursday 15th January 2015.
Please note that whilst the merger is undertaken, dealing in the Henderson UK Property OEIC will be suspended for one day on Friday 16 January 2015, with normal dealing resuming on Monday 19th January 2015.