Nippon Active Value shareholders approve double merger with abrdn and Atlantis Japan trusts

Investment policy change also passed

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 ...

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