Notice of Termination: Pendal Japanese Share Fund (APIR: BTA0130AU, ARSN 090 666 621)

The Pendal Japanese Share Fund (Fund) will terminate with immediate effect on Wednesday, 5 April 2023.

Why is the Fund terminating?

The Fund’s small size means that it has high running costs and cannot be managed in a cost efficient way.

We also consider that the Fund has little prospect of significant growth in funds under management in the foreseeable future. If the Fund were to continue, the Fund’s size would result in higher management costs for investors, which would reduce their investment returns.

How this affects you?

We will terminate the Fund on Wednesday, 5 April 2023.

Any applications, transfers or withdrawal requests received after 4:00pm (Sydney time) on Wednesday, 5 April 2023 will not be accepted.

As soon as practicable after the Fund is terminated on Wednesday, 5 April 2023, we will begin winding up the Fund. The assets remaining in the Fund will be realised and the proceeds distributed to all investors in proportion to their unit holding.

What does this mean for you?

The cash proceeds from this termination will be paid directly to your nominated bank account on file during the week commencing Monday, 24 April 2023 or shortly thereafter.

We expect that termination of the Fund will result in a distribution of the net income of the Fund. Details of the distribution will be included in your distribution statement for the month of April 2023. You will also receive an annual tax statement following the end of the financial year.

Questions?  

If you have any questions, please contact our Investor Relations Team during business hours on 1300 346 821.