Nippon Active Value Shareholders Approve Double Merger With Abrdn And Atlantis Japan Trusts

Cristian Angeloni
clock

• 1 min read

Nippon Active Value (NAVF) shareholders have voted in favour of the rollover of assets from the abrdn Japan investment trust (AJIT) and the Atlantis Japan Growth fund (AJGF).

At the general meeting today (20 September), the two resolutions passed with 99.9% of the votes cast in favour of each, according to a regulatory filing. Shareholders have authorised NAVF's directors to allot "relevant securities" to shareholders of the abrdn Japan trust and Atlantis Japan Growth fund, effective until 31 December 2023. The two vehicles will be wound up following the asset rollover. Nippon Active Value eyes tweaks to investment policy following double merger At the beginning of September, NAVF informed its shareholders that, if shareholders approved the mergers, it ...

To continue reading this article...

Join Investment Week

Signup and gain exclusive members-only insights

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week

member?

Login

RECENT NEWS

Mitigating Risks In The Bond Market: Strategies For Uncertain Times

In today's volatile bond market, characterized by liquidity concerns and rising interest rates, effective risk managemen... Read more

UK High Street Banks Rake In £9.2 Billion In Interest On BoE Reserves: A Closer Look

In the intricate world of finance, where numbers often tell compelling stories, one recent figure stands out: £9.2 bill... Read more

Powell's Pledge: Federal Reserve Chair Signals Prolonged Period Of Higher Rates

Federal Reserve Chair Jerome Powell's recent statements have stirred significant interest in financial markets, particul... Read more

European Funds Body Throws Support Behind French Capital Markets Union: Implications For Brexit-Era Finance

In a significant development for European finance, a European funds body recently threw its support behind the French ca... Read more

Federal Reserve's Rate Decision: Navigating Economic Uncertainty

The recent decision by the Federal Reserve to adjust interest rates has sparked significant interest and speculation amo... Read more

Building Bridges: Strengthening Investor Confidence Through Enhanced Risk Data In Emerging Markets

In the dynamic landscape of emerging markets, investor confidence plays a pivotal role in driving economic growth and pr... Read more