Ballot outcome: Amalgamation of the M&G Enhanced SA Property Tracker
Fund with the M&G Property Fund View in browser (
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) Dear Mr Jansen Van Rensburg M&G Investments (“M&G”) has informed
us that following a successful ballot, it will amalgamate the M&G
Enhanced SA Property Tracker Fund ("the Fund") with the M&G Property
Fund, effective 24 May 2024. How will the amalgamation affect your
clients’ investments? 1. The Fund’s benchmark will change The
Fund’s benchmark will change from ‘FTSE/JSE SA Listed Property
Index (J253)’ to ‘FTSE/JSE All Property Index (J803)’. The Fund
charges a fixed fee and the change in benchmark will not impact the
fees paid by investors. 2. The Fund’s investment management fee will
increase The Fund’s investment management fee will increase from a
fixed fee of 0.40% to 0.70%. All amounts exclude VAT. 3. The Fund’s
name will change The Fund’s name will change from the 'M&G Enhanced
SA Property Tracker Fund' to the 'M&G Property Fund' 4. To facilitate
the amalgamation, we will implement a transaction freeze from 22 to 28
May 2024 In order to accommodate the amalgamation, a transaction
freeze will be implemented on the Fund. The last day for clients to
submit an instruction is 14:00 on Tuesday, 21 May 2024. All
instructions received for the Fund during the transaction freeze will
only be processed from Thursday, 30 May 2024. 5. The Fund may declare
a special income distribution The Fund is required to declare all
income before the amalgamation. If there is income to declare, the
income distribution will reflect on clients’ statements as
‘Reinvestment’ from Friday, 31 May 2024. For your reference, we
have attached a list of your clients invested in the Fund (use your
adviser code to open). We will inform them of the change on Monday, 13
May 2024. If you have any questions or feedback, please contact your
Business Development Manager, our Adviser Service Centre on 0860 000
653 or email ifa@allangray.co.za (
ifa@allangray.co.za?subject=Re%3A%20Ballot%20outcome%3A%20Amalgamation%20of%20the%20M%26G%20Enhanced%20SA%20Property%20Tracker%20Fund%20with%20the%20M%26G%20Property%20Fund
). Yours sincerely Allan Gray Adviser Services 0860 000 653
ifa@allangray.co.za (
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