Fidelity's shareholders have overwhelming agreed with the fund manager's proposals to split the special situations fund.
At a special shareholder meeting held today, 97% of the 88,000 shareholders who voted agreed with plans to split the £6.1bn special situations fund into two and create a second Fidelity global special situations fund. The proposal was officially announced on 20th June and included plans to widen the investment powers under Ucits III rules. The fund will now split on 16th September and investors will be allowed to begin trading on Monday 18th September while the fund’s current manager, Anthony Bolton, will continue his current UK-focused investment mandate on the special sits fund until 20...
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