Corporate Actions

A corporate action may affect any investment held through the Novia Global Wealth Management Service. This could involve a significant change to an investment including, amongst others:

A change of name, investment objective or policy.
A change to the level or nature of charges that apply to your investment.
Your investment closes, merges into another or becomes unavailable through the Service.
A change to the type, structure or regulation of your investment.

You may be unable to buy or sell investments via the service during the time in which we process corporate actions. This will include, amongst others, name changes, mergers or closures. It will typically not be possible to carry out transactions on investments about to undergo a corporate action for up to 20 business days prior to the effective date of the action.

Below you can find details of the investment affected, the corporate action that is going to happen and the date on which the change will become effective. You should check this page regularly to keep up to date with corporate actions and any impact they may have.

Property funds

Further to the recent announcement on 9^th September from a number of independent property valuing bodies’ , their opinion is there is now sufficient evidence to be able to accurately value properties without the previous uncertainty they believed existed. However, the majority of fund groups have since confirmed that they will still retain the trading exclusion on their UK property funds until further notice. On platform this includes Aviva, BMO, Kames and Janus Henderson. As and when these suspensions are lifted and we are notified by the relevant fund groups, we will update accordingly.

Aberdeen have lifted the suspension of trading on their property funds.

Cash

In these times of uncertainty and volatility, there is often a flight to cash and deposit holdings. With governments across the globe using interest rates as part of their economic response, we suggest you regularly review which currency holdings are most appropriate for any client and how long they hold them for. With interest rates at low levels (some negative) charges will only reduce returns further. Therefore, clients need your advice to help them understanding the real risks they face more than ever. You can find information on current interest rates here.

Effective Date

Investment Affected

Corporate Action

08/02/2021

Artemis Funds

We have received notification that a number of Artemis funds are changing names:

*Existing name*	*New name*
Artemis Capital Fund	Artemis SmartGARP UK Equity Fund
Artemis European Growth Fund	Artemis SmartGARP European Equity Fund
Artemis Global Emerging Markets Fund	Artemis SmartGARP Global Emerging Markets Equity Fund
Artemis Global Growth Fund	Artemis SmartGARP Global Equity Fund
Artemis Institutional Global Capital Fund	Artemis SmartGARP Institutional Global Equity Fund

Please contact Artemis for further information.

08/02/2021

LF Odey Absolute Return Fund

We have received notification that with effect from 08/02/2021, LF Odey Absolute Return Fund will be renamed LF Brook Absolute Return Fund. Please contact LF Odey for further information.

01/03/2021

Polar Capital Asian Opportunities Fund

We have received notification that the Polar Capital Asian Opportunities Fund will close with effect from 01/03/2021. Please contact Polar Capital for further information.

10/03/2021

Standard Life Investments Global SICAV Continental European Equity Income Fund

We have received notification that the Standard Life Investments Global SICAV Continental European Equity Income Fund will close with effect from 10/03/2021. As of the 3^rd March we will be closing to buys and sells on platform, after which any units will be liquidated and processed as soon as the custodian issues the proceeds after the 10^th March. Please contact Standard Life Investments for further information.

%MCEPASTEBIN%