From 1 February 2018 we will be updating our prospectuses for some of our funds to include the ability for us to convert investors’ shares in a fund from one share class of the fund to another share class of that same fund. This is known as compulsory conversion.

We will only be doing this for our open-ended investment funds* at this stage and not for our unit trusts.

We will only apply compulsory conversions if it is in the best interests of investors to do so. Ahead of any compulsory conversions we will write to investors in the Fund to explain what is happening, the reasons for it and to give notice of the date that the change will be taking place and we will explain what you can do if you disagree with the changes we plan to make.

For full details please read the Prospectus update section in the Investor Update.

* Threadneedle Focus Funds ICVC, Threadneedle Investment Funds ICVC, Threadneedle Opportunity Investment Funds ICVC, Threadneedle Specialist Investment Funds ICVC, Threadneedle UK Property Authorised Investment Fund.