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Results of the Shareholder vote

29/05/2014

On Thursday 29 May 2014, following a Shareholder vote, the proposal to amend the investment objective and investment policy of the M&G International Sovereign Bond Fund (shown below) was approved by Shareholders:

Investment Objective
The Fund aims to maximise total return (the combination of income and growth of capital).

Investment Policy
The portfolio will mainly consist of investment grade government debt securities, including government guaranteed debt securities, and will be invested on a global basis. The Fund’s exposure to investment grade government debt may be gained through the use of derivatives. The Fund may also invest in other government and public securities, collective investment schemes, other transferable securities, other debt instruments, cash and near cash, deposits, warrants, money market instruments and other derivative instruments. The Fund may use derivatives for Efficient Portfolio Management purposes.

The Fund name will be amended to the “M&G Global Government Bond Fund” and we will also change the valuation currency of the Fund from sterling to US dollars. Fund prices will continue to be published in sterling and investments and income share distributions will continue to be in sterling. The changes will take place on 1 July 2014.

For terms in bold, please refer to our Glossary in the ‘Help Centre’.