| Change Details | |
|---|---|
| Title | Witan Investment Trust Plc |
| Type | Mergers |
| Companies Impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Effective Date | 09 October 2024 |
| 1. Asset details | |
| Companies impacted | Quilter Life & Pensions Limited Quilter Investment Platform Limited |
| Asset Group | Witan Investment Trust Plc |
| Asset Name | Witan Investment Trust Plc |
| Type of change | Merger |
| Date merger effective from | 9 October 2024 |
| Deadline for investors to switch out if appropriate | 2:00pm on Monday 30 September 2024 |
| Is the event subject to shareholder approval? | Yes - Approved |
| 2. Merger details | |
| Name of the new asset (the asset that the previous asset is being merged into) | Alliance Trust Plc - to be renamed Alliance Witan Plc |
| Will the phasing option automatically continue? | Yes |
| Will the rebalancing option automatically continue? | Yes |
| Will ongoing direct debit payments automatically be redirected into the new asset? | Yes |
| 3. Asset objective | |
| Previous asset objective | The Company's objective is to achieve an investment total return exceeding that of the Company's benchmark over the long term, together with growth in the dividend ahead of inflation. Performance is measured against a benchmark, which is a composite of 85% Global (MSCI All Country Word Index) and 15% UK (MSCI UK Index). |
| New asset objective | The Company’s objective is to be a core investment for investors that delivers a real return over the long term through a combination of capital growth and a rising dividend. The Company invests primarily in global equities across a wide range of different sectors and industries to achieve its objective. |