Prudential Unit Trust merger update
In November 2010, we wrote to Unitholders advising of our proposals to integrate the Prudential unit trust fund range with that of M&G. This integration is part of our commitment to regularly review our fund and product ranges with the aim of providing investors with superior long term investment performance and the service our customers expect from a Prudential Group Company. To date we have successfully merged ten Prudential funds into the M&G fund range.
- Prudential Global Growth Trust into M&G International Specialist Equity Fund
- Prudential Growth Trust into M&G Managed Growth Fund
- Prudential Small Companies Trust into M&G Smaller Companies Fund
- Prudential UK Index Tracker Trust into M&G Index Tracker Fund
These funds will merge into equivalent M&G OEICs subject to shareholder approval. The Extraordinary General Meetings (EGM) for each merger will take place on 26 January 2012.
What happens next?
We will be writing to Unitholders who currently invest in the above funds to notify them of the proposals. Included with these mailings will be a voting form to allow investors to vote at the EGM in January.
We will issue another article following the EGM to advise which mergers have been approved.
Enclosed literature:
- Q&A leaflet
- Global Growth Trust Circular
- Growth Trust Circular
- Small Companies Trust Circular
- UK Index Tracker Trust Circular
