Notice on the proposed merger (“Merger”) of Principal Islamic Asset Management (Ireland) Plc’s UCITS funds (“Islamic UCITS Merging Funds”) into sub-funds of Principal Global Investors Funds (“Receiving Funds”)

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The Directors of Principal Islamic Asset Management (Ireland) Plc have decided, in consultation with Principal Global Investors (Ireland) Ltd as the Manager and Principal Islamic Asset Management Sdn. Bhd. as the Investment Manager of the Islamic UCITS Merging Funds, that it is in the best interests of the Shareholders of Islamic UCITS Merging Funds to carry out the Merger.

The Merger proposal is being undertaken to reduce operational costs and create efficiencies, improve the client experience and improve the competitiveness of the Islamic UCITS Merging Funds in the market. The Merger will create efficiencies and clarity for clients in their interactions with Principal. The Receiving Funds have been set up with very similar characteristics as the Islamic UCITS Merging Funds (as described in more detail in the Circulars below), thereby allowing for long-term continuity and track record of the strategy.

The proposed merger is subject to the approval of the Shareholders of the Islamic UCITS Merging Funds through a special resolution at the extraordinary general meeting conducted by Principal Islamic Asset Management (Ireland) Plc., where the Merger is expected to take effect on 10 May 2024.

We look forward to providing you with best-in-class Islamic wealth management services through a full range of investment products. Should you require clarification or further information with regard to the above, please e-mail us at DLMYenquiries.principalislamic@principal.com.

Thank you.
 

note Global Sukuk Fund Circular
 
note Islamic Global Multi-Asset Fund Circular
 
note Islamic Asia Pacific Dynamic Income & Growth Fund Circular
 
note Islamic Global Responsible Equity Fund Circular