RGI funds ICVC change of settlement period

RGI Funds ICVC – change of settlement period for subscriptions and redemptions.

The settlement period of all active sub-funds of RGI Funds ICVC is changing.

Effective from 29 November 2024, the settlement period of the sub-funds will change from four Business Days after the deal date (‘T+4’), to three Business Days after the deal date (‘T+3’). This means that:

Cleared funds for settlement of the purchase of shares will be due three Business Days after the Dealing Day on which the shares were issued; and
redemption proceeds from the sale of shares will be paid three Business Days after the Dealing Day on which the shares were redeemed.

This impacts the following funds:

RGI European Fund
RGI Global Alpha Fund
RGI Global Recovery Fund
RGI UK Alpha Fund
RGI UK Equity Income Fund
RGI UK Listed Smaller Companies Fund
RGI UK Recovery Fund

This change is being made to better align the settlement cycle of the sub-funds with the settlement cycles of the equity markets in which the sub-funds invest (several of which have become shorter since the sub-funds were launched).

The table below shows the settlement date for transactions in shares of the sub-funds on, and in the period around, the date of this change.

Dealing Day on which shares are issued or redeemed (“T”)	Settlement period	Settlement date
25 November 2024	T+4	29 November 2024
26 November 2024	T+4	02 December 2024
27 November 2024	T+4	03 December 2024
28 November 2024	T+4	04 December 2024
29 November 2024	T+3	04 December 2024
02 December 2024	T+3	05 December 2024
03 December 2024	T+3	06 December 2024
04 December 2024	T+3	09 December 2024

The Funds’ investment objectives and the way the Funds are managed will not change. The annual management charges and other applicable fees charged by the Funds or any share class will not change. The latest Prospectus, Key Investor Information Documents (KIIDs) are available on the https://svmonline.co.uk/ website. A copy of these documents can also be obtained by contacting us.

If you have any questions about this change, please contact us at client.services@river.global

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IMPORTANT NOTICE

For professional investors only.

This document has been prepared by River Global Investors LLP (“RGI”). RGI is authorised and regulated in the United Kingdom by the Financial Conduct Authority (Firm Reference No. 453087) and is registered in England (Company No. OC317647), with its registered office at 30 Coleman Street, London EC2R 5AL. The value of investments and any income generated may go down as well as up and is not guaranteed. An investor may not get back the amount originally invested. Past performance is not a reliable guide to future results. Changes in exchange rates may have an adverse effect on the value, price or income of investments. This article does not constitute an investment recommendation and should not be used as the basis for any investment decision. Opinions, estimates and projections in this article constitute the current judgement of the author as of the date of this article. Please note that individual securities named in this article may be held by the Portfolio Manager or persons closely associated with them and/or other members of the Investment Team personally for their own accounts. The interests of clients are protected by operation of a conflicts of interest policy and associated systems and controls which prevent personal dealing in situations which would lead to any detriment to a client.

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RGI funds ICVC change of settlement period