M&A - abrdn Funds

Form Type: POS EX

Filing Date: 2025-03-18

Corporate Action: Merger

Type: New

Accession Number: 000110465925024940

Filing Summary: On March 18, 2025, abrdn Funds filed a post-effective amendment of its Registration Statement on Form N-14 with the SEC. This amendment is intended to file the final executed Agreements and Plans of Reorganization that facilitate the mergers of the abrdn Focused U.S. Small Cap Equity Fund and the abrdn Emerging Markets Dividend Fund into the abrdn Focused U.S. Small Cap Active ETF and abrdn Emerging Markets Dividend Active ETF, respectively. The Registrant aims for this filing to become effective as soon as possible under Rule 462(d) of the Securities Act of 1933. The document also incorporates by reference prior SEC filings, specifically the Information Statement/Prospectus and other legal opinions regarding the tax implications related to these reorganizations. The filing includes various agreements, trust declarations, and indemnification sections outlining the legal and operational structure of the funds involved in the merger.

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Form Type: 497

Filing Date: 2025-03-13

Corporate Action: Merger

Type: Update

Accession Number: 000110465925023426

Filing Summary: On March 12, 2025, the Board of Trustees of abrdn Funds agreed to consider converting two mutual funds, the abrdn Focused Emerging Markets ex-China Fund and the abrdn International Small Cap Fund, into exchange-traded funds (ETFs) in mid-2025. The proposed ETFs will be managed similarly to the current mutual funds, with identical investment objectives and policies. If approved, the conversions are anticipated to take place in the third or fourth quarter of 2025, providing shareholders potential benefits such as lower expenses, increased trading flexibility, and enhanced tax efficiency. The details of the conversions will be communicated to shareholders prior to the formal approval by the Board. The conversions are expected to involve a transfer of assets from the mutual funds to the new ETFs and the corresponding distribution of ETF shares to mutual fund shareholders as part of a liquidation process. It is expected that the conversions will qualify as tax-free reorganizations and not require shareholder approval. Shareholders will be provided with a detailed information statement/prospectus ahead of the conversion, outlining the implications and details of the transition to ETFs, which may not have commenced operations prior to the conversion. Investors are encouraged to review all materials available after the proposed registration statement is filed with the SEC.

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Form Type: 497

Filing Date: 2025-02-14

Corporate Action: Merger

Type: New

Accession Number: 000110465925013809

Filing Summary: This document serves as a supplement to the prospectus and statement of additional information of abrdn Funds dated February 29, 2024. It announces the reorganization of the abrdn Focused U.S. Small Cap Equity Fund and abrdn Emerging Markets Dividend Fund into their respective Active ETFs: abrdn Focused U.S. Small Cap Active ETF and abrdn Emerging Markets Dividend Active ETF. These reorganizations took place after the close of business on February 14, 2025, and all references to the original Funds have been deleted from the February 2024 Prospectus and SAI.

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