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

Gyrostat Capital Management: The Missing Allocation In Retirement Portfolio Construction?

For decades, retirement portfolios have largely been constructed using combinations of growth assets a... Read more

When The Gate Comes Down

A Stress Test Rather Than a ScandalApollo Debt Solutions is not a blow-up story. It is something arguably more instructi... Read more

What If The Investment Industry Is Benchmarking The Wrong Things?

  Investment management is built around benchmarking.  Fund managers compare themselves a... Read more

SpaceX Is Looks To Make History

The Biggest Bet in Wall Street History: SpaceX's $1.78 Trillion IPOThere are moments in financial history that stop you ... Read more

Gyrostat June Market Outlook: When Low Volatility Conceals Structural Risk

This monthly Gyrostat Risk-Managed Market Outlook does not attempt to forecast market direc... Read more

Why Low Volatility Is Not The Same As Low Risk

Why Low Volatility is Not The Same As Low Risk Some of the worst-performing portfolios in... Read more