M&A - HC CAPITAL TRUST
Form Type: N-14
Filing Date: 2024-03-15
Corporate Action: Merger
Type: New
Accession Number: 000110465924034906
Filing Summary: On March 15, 2024, HC Capital Trust filed a registration statement under the Securities Act of 1933 to facilitate the restructuring of two of its Target Portfolios (The Value Equity Portfolio and The Small Capitalization-Mid Capitalization Equity Portfolio) into The U.S. Equity Portfolio, the Acquiring Portfolio. This reorganization is proposed to be executed on May 31, 2024, subject to shareholder approval set for the meeting at that date. The Plan of Reorganization entails the acquisition of the assets and liabilities of each Target Portfolio by the Acquiring Portfolio in exchange for shares, leading to the liquidation of the Target Portfolios. If approved, shareholders of the Target Portfolios will receive equivalent value shares in the Acquiring Portfolio and will cease being shareholders of the Target Portfolios around June 14, 2024. The proposal aims to consolidate resources, lower costs, and enhance management efficiency, contributing to a tax-free reorganization status for shareholders.
Document Link: View Document
Additional details:
Approximate Date Of Proposed Public Offering: As soon as practicable after this Registration Statement becomes effective.
Record Date: 2024-04-05
Meeting Date: 2024-05-31
Anticipated Reorganization Effective Date: on or about 2024-06-14
Shareholder Voting Method: by completing the enclosed proxy card
Investment Management Fee Structure: Management Fees 0.08% - 0.13% for Target Portfolios; 0.12% for Acquiring Portfolio
Board Recommendation: FOR the above proposal as described in the Joint Proxy Statement/Prospectus
Anticipated Tax Consequences: expected to be tax-free for federal income tax purposes.
Notice Document Mailing Date: on or about 2024-04-26
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