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F&C Plans U.K. Equity Funds Merger

F&C Thames River is planning to merge two of its U.K. equity portfolios.

F&C Thames River is planning to merge two of its U.K. equity portfolios, FundWeb reports. The £31 million F&C U.K. Growth & Income fund will be merged with the £189.1 million F&C U.K. Equity Income fund, while the £62.4 million F&C U.K. Opportunities fund will be combined the £152.8 million F&C U.K. Equity fund.

As a part of the merger, the F&C U.K. Equity fund will be renamed as the F&C U.K. Alpha fund from June 24, 2011. The merger of the portfolios, which is awaiting approval from the firm’s shareholders, will be completed by the end of June 2011.

Click here for the story from FundWeb.

Click here for additional coverage from Citywire.

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