n 9 October 2023, OP Fund Management Company Ltd’s Board of Directors decided on the mergers and name changes of certain funds. Given the similarity of the merging funds' current investment policies, the mergers are justified from the perspective of unitholders.
There are a total of five mergers and name changes:
- OP-America Value Fund will be renamed OP-America Value Companies Fund. At the same time, OP-America Low Volatility Fund and OP-America Quality Fund will be merged into OP-America Value Companies Fund.
- OP-America Growth Fund will be merged into OP-America Small Cap Fund.
- OP-Europe Low Volatility Fund and OP-Europe Quality Fund will be merged into OP-Europe Dividend Firm Fund.
- OP-Europe Value Fund will be renamed OP-Europe Value Firm Fund.
- OP-Europe Rising Stars will be renamed OP-Europe Small Cap.
In connection with the merger, we are transferring the assets of the merging funds to the assets of the acquiring funds by liquidating the assets or transferring the instruments to the acquiring fund. The mergers and name changes of OP's America funds will be implemented on 14 December 2023. The merger of OP's Europe funds will be implemented on 4 December 2023.
The merger will not have any tax implications for unitholders. If a unitholder redeems their fund units or switches them to another fund, this may result in taxable capital gains or losses.
How unitholders are notified of the changes
We will notify unitholders of the mergers and name changes by letter or an online message at op.fi and in OP-mobile during week 44. We will also announce the mergers and rule changes in Helsingin Sanomat on 1 November 2023.