RCS - Atlantis Japan Grwth - Edison issues update on Atlantis Japan Growth Fund

Atlantis Japan Growth FundAnnouncement

21/08/2023 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230821:nRSU8268Ja&default-theme=true

RNS Number : 8268J  Atlantis Japan Growth Fund Ld  21 August 2023

London, UK, 21 August 2023

 

Edison issues update on Atlantis Japan Growth Fund (AJG)

The Atlantis Japan Growth Fund (AJG) board has announced that it has agreed
heads of terms for a proposed combination of its assets with those of Nippon
Active Value Fund (NAVF). The proposal is intended to address AJG's relatively
small size - current assets under management (AUM) total c £78m - and follows
recent disappointing relative performance. The combination, which is subject
to the approval of the shareholders of both AJG and NAVF, offers AJG
shareholders ongoing exposure to the attractive investment opportunities
available in the Japanese market, especially among cash-rich smaller
companies. They may also benefit from the expertise of NAVF's managers. NAVF
has been the top-performing Japanese fund since its inception in February 2020
and its managers have over 30 years' experience as active managers in this
market. The proposal also includes the option for AJG's shareholders to
realise a portion of their cash if desired. The enlarged NAVF will offer all
shareholders greater liquidity, as well as a likely reduction in ongoing
costs.

 

The proposal comes ahead of a continuation vote scheduled for AJG's AGM in
December 2023 and is likely to be finalised in the first half of 2024.

 
Click here
(https://www.edisongroup.com/research/combination-with-navf-offers-benefits-for-all/32612/?utm_campaign=RNSreach%20Press%20Releases&utm_source=RNSreach&utm_medium=Press%20Release)
to view the full report.

 

All reports published by Edison are available to download free of charge from
its website

www.edisongroup.com (http://www.edisongroup.com)

About Edison: Edison is a leading research and investor relations consultancy,
connecting listed companies to the widest pool of global investors. By
focusing on the volume and quality of investors reached - across institutions,
family offices, wealth managers and retail investors - Edison can create and
gauge intent to purchase, even in the darkest pools of capital, and then make
introductions via non-deal roadshows, events or virtual meetings.

Having been the first company in-market 17 years ago, Edison has more than 100
employees and covers every economic sector. Headquartered in London, Edison
also has offices in New York, Sydney and Wellington.

Edison is authorised and regulated by the Financial Conduct Authority
(https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000MfYL6AAN) .

Edison is not an adviser or broker-dealer and does not provide investment
advice. Edison's reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Joanne Collins +44 (0)20 3077 5700 investmenttrusts@edisongroup.com
(mailto:investmenttrusts@edisongroup.com)

Learn more at www.edisongroup.com (http://www.edisongroup.com) and connect
with Edison on:

LinkedIn        www.linkedin.com/company/edison-group-/
(http://www.linkedin.com/company/edison-group-/)

Twitter           www.twitter.com/Edison_Inv_Res
(http://www.twitter.com/Edison_Inv_Res)

YouTube       www.youtube.com/edisonitv
(http://www.youtube.com/edisonitv)

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAPPMATMTBBBJJ