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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Artio Global Investors Inc. Artio Global Investors Inc. | NYSE:ART | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.74 | 0.00 | 01:00:00 |
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Preliminary Proxy Statement
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Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
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Definitive Proxy Statement
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Definitive Additional Materials
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Soliciting Material Pursuant to §240.14a-12
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No fee required. |
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Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
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Title of each class of securities to which transaction applies:
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Aggregate number of securities to which transaction applies:
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Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
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(4)
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Proposed maximum aggregate value of transaction:
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(5)
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Total fee paid:
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Fee paid previously with preliminary materials.
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
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Amount previously paid:
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Form, Schedule or Registration Statement No.:
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Filing Party:
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Date Filed:
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1.
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Q: Please provide a side-by-side comparison of the Aberdeen and Artio International Equity strategies.
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A:
Aberdeen’s Philosophy/Process
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Q: When the transaction closes, will the International Equity transfer be a taxable event to our investors?
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A: The transition is not expected to constitute a sale of holdings in the mutual fund and the cost basis of shares is not expected to change. We do not currently expect, based on current market conditions, that the transition will lead to a capital gains distribution for shareholders.
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Q: What will be the steps to the transition event?
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A: A transition plan has been formulated between Artio and Aberdeen including key individuals from both organizations. Teams representing all aspects of the business (investment management, risk, legal/compliance, operations, technology, etc.) have been established and are expected to meet on a regular basis to ensure a smooth transition. These teams report to a centralized project office, which in turn reports to a joint steering committee comprised of senior level members of each firm.
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Q: Must the transaction be approved by the mutual fund shareholders of each of our funds? What if every fund approves except International Equity and International Equity II?
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Existing investment advisory agreements between each Artio Global mutual fund and Artio are expected to automatically terminate upon the change of control of Artio. Shareholders in each Artio Global mutual fund, including International Equity, International Equity II and the bond funds, will be asked to approve the new advisory contract between their fund and Aberdeen. While the portfolio management team of the International Equity and International Equity II funds is expected to change in connection with the transaction, shareholders of those funds will be voting on the new advisory contract with Aberdeen, but not on the change in portfolio management team.
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With respect to each Artio Global mutual fund, fund shareholders of record at the close of business on the fund’s record date will be entitled to vote at the fund’s special meeting or any adjournment of such meeting. For each Artio Global mutual fund (including, for these purposes, a separate series of an Artio Global mutual fund), (1) the presence, in person or by proxy, of more than one-half of the votes entitled to be cast at the special meeting in respect of such Artio Global mutual fund will constitute a quorum, and (2) the approval will require the vote, in person or by proxy, of the lesser of (i) two-thirds of the votes cast, provided a quorum is obtained or (ii) more than one-half of the votes entitled to be cast
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While we believe the transaction is in the best interest of Artio Global fund shareholders and will meet with their approval, the merger agreement does contain certain provisions allowing, in certain circumstances, the deal to close ahead of final approval being obtained from the shareholders of the International Equity and International Equity II funds. Therefore, we do not currently expect the transaction’s close to be delayed by the shareholder voting process for the International Equity and International Equity II funds.
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Q: Will any of the Artio International Equity team transfer to Aberdeen?
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A: At the close of the transaction, it is currently expected that no members of the Artio International Equity team will transfer to Aberdeen.
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Q: What will happen to the Artio International Equity track records?
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A: Given the change in fund management, Artio’s International Equity track records will not transition to Aberdeen.
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1 Year Artio Global Investors Inc. Artio Global Investors Inc. Chart |
1 Month Artio Global Investors Inc. Artio Global Investors Inc. Chart |
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