OEIC Merger 2025

On 28th August 2025, a Meeting of Shareholders in the Scottish Friendly UK Growth Fund took place in relation to the proposal to merge the Scottish Friendly UK Growth Fund into the Scottish Friendly Managed Growth Fund. 

The proposed merger was subject to Shareholders in the Merging Fund approving the Extraordinary Resolution set out in the Notice of Meeting sent out to Shareholders.

To be approved, the Extraordinary Resolution required a majority in favour of at least 75% of votes cast at the Meeting.  Both in-person and proxy votes were counted.

Result of the vote

Shareholders voted in favour of the Extraordinary Resolution, with 97% voting to approve.