MI Somerset Emerging Markets Small Cap Fund - THIS FUND IS NO LONGER AVAILABLE FOR INVESTMENT
The Fund merged with the MI Somerset Emerging Markets Discovery Fund with effect from 1 October 2021. The Fund is in the process of being terminated.
To: Shareholders in MI Somerset Emerging Markets Small Cap Fund (“Shareholders”)
27th September 2021
Extraordinary General Meeting – MI Somerset Emerging Markets Small Cap Fund, a Sub-fund of MI Somerset Capital Management Investment Funds ICVC.
Dear Shareholder,
Further to the recent notice of the Extraordinary General Meeting (“EGM”) dated 7th September 2021, in which we asked for Shareholders to vote on the Scheme of Arrangement (“the Merger”) between MI Somerset Emerging Markets Small Cap Fund and MI Somerset Emerging Markets Discovery Fund. The EGM was held on the 27th September 2021 at 10 a.m.
For the Extraordinary resolution to be passed, a quorum needed to be present, and required a majority in favour of not less than 75% of the votes cast at the meeting. We can confirm that a quorum was present and over 75% of the votes cast were in favour of the Merger.
The Merger will be effective from 12.01pm on 1st October 2021.
If you require any further information, please contact us on the 0345 026 4282.
The Fund aims to grow your investment.
The Fund will invest in shares of companies with a value of less than US$2.5 billion, at the time of investment, that are established or operating in emerging market countries. These are typically countries that are still developing their economies. The Fund will invest principally in Asia, Eastern Europe, the Middle East, Africa and Latin America.
The Fund may also invest in other investment funds which, in turn, invest in specific markets or allow access to the expertise of specific fund managers.
