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Aberdeen Property Trust Merger details

Old Mutual Wealth's platform and Old Mutual Wealth Life Assurance Limited

Discontinuing fund Continuing fund
Aberdeen Property Trust Aberdeen UK Property Feeder
Aberdeen Property Trust –U  Aberdeen UK Property Feeder –U

 

 

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Old Mutual International Guernsey Limited
Old Mutual Wealth Life Assurance Limited
Fund Group Aberdeen Fund Managers Limited
Fund Name Aberdeen Property Trust
Type of change Merger
Date merger effective from Monday 7 March 2016
Deadline for investors to switch out if appropriate Thursday 3 March 2016
Is the event subject to shareholder approval? Yes - Approved
2. Merger details  
Name of the new fund (the fund that the previous fund is being merged into) Aberdeen UK Property Feeder
Will the phasing option automatically continue with the new fund replacing the previous fund? Yes
Will the rebalancing option automatically continue with the new fund replacing the previous fund? Yes
Will ongoing direct debit payments automatically be redirected into the new fund? Yes
3. Fund objectives  
Previous fund objective To provide investors with a combination of income and growth of capital consistent with a balanced commercial property portfolio. The trust will generally invest directly in UK commercial property.
New fund objective To provide investors with a combination of income and growth of capital consistent with a diversified commercial property portfolio. The fund will invest all or substantially all of its capital in the Class F accumulation shares of the Aberdeen UK Property Fund. To the extent that the fund is not fully invested in the Aberdeen UK Property Fund, the fund will hold its remaining assets in cash and near cash.
4. Charging structure  
Bundled Fund  
Previous AMC 1.35
New AMC 1.35
Previous TER 1.96
New TER 1.96
Previous Reimbursed Amount (Charge Basis 2) 0.50
New Reimbursed Amount(Charge Basis 2) 0.50
Previous Reimbursed Rebate Rate(Charge Basis 3) 0.81
New Reimbursed Rebate Rate (Charge Basis 3) 0.81
Unbundled Fund  
Previous AMC 0.75
New AMC 0.75
Previous TER 1.36
New TER 1.36
Previous Reimbursed Rebate Rate(Charge Basis 3) 0.21
New Reimbursed Rebate Rate (Charge Basis 3) 0.21
Old Mutual Wealth (OMW) Fund  
Previous TER 1.58
New TER 1.58

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