UOB – UOBAM Notice to Sharehold – Fund Merger of United Global Technology Fund and United Global Telecoms Fund ( 1 Oct 2021)
Notice to Shareholders
The managers of the United Global Telecoms Fund (the”Fund”) refer to our letter dated 1 July 2021 regarding our proposal to merge the Fund into United ECommerce Fund (the “Target Fund”), a sub-fund of United Choice Portfolios.
In accordance with the provisions of the trust deed constituting the Fund dated 28 June 1999, as amended (the “Deed”), a meeting of Holders was held on 1 September 2021 at 3.00 p.m. to vote on an Extraordinary Resolution to implement the proposed merger.
As the quorum requirements were not fulfilled at the meeting of Holders held on 1 September 2021, an adjourned meeting of Holders (the “Adjourned Meeting of Holders”) will be held on 1 December 2021 at 3.00 p.m. via electronic means to vote on the said Extraordinary Resolution. Please note that pursuant to the Deed, the Holders present at the Adjourned Meeting of Holders, whatever their number and the number and value of the Units held by them, will form a quorum.
For more details, please refer to the notifications letters.
- Shareholder notification letter for United Global Technology Fund (SG9999001192)
- Shareholder notification letter for United Global Telecoms Fund (SG9999001218)