Merger of two property portfolios

June 2014

Following a detailed review of our fund range we have decided to merge our two property holding portfolios into one portfolio. As a result, the property assets in the SLOC UK With-Profits fund and unit-linked property and managed funds and the Ex-SLFC unit-linked property and managed funds, will invest into the merged property portfolio.

Following the change, the merged property portfolios will form a bigger pool creating greater diversity of holdings and more flexibility to generate cash when it is required. As a result of merging two portfolios we expect there to be some changes to the top 10 holdings and proportion of property types held by the fund.

The merged portfolio will continue to be managed by Aberdeen Asset Managers. The fund mandate and level of fund manager fees will remain the same.  There are no tax implications as a result of the merger.

For more information please contact us.