M&A - MERGER FUND VL

Form Type: NPORT-P

Filing Date: 2025-05-27

Corporate Action: Merger

Type: New

Accession Number: 000175272425121142

Filing Summary: On May 27, 2025, Merger Fund VL filed a report indicating a significant merger action. The filing includes financial data and information about the fund's assets as of the reporting date. Notably, it details investments in various companies, including Amcor PLC and Nokia Oyj, among others. The report reflects on various positions held and their respective market evaluations, emphasizing strategic shifts and asset restructuring related to the merger. The filing appears to be a part of the fund's routine disclosures under SEC rules.

Form Type: N-CSR/A

Filing Date: 2025-05-20

Corporate Action: Merger

Type: Update

Accession Number: 000119312525122920

Filing Summary: The Merger Fund® VL filed an amendment to its N-CSR for the fiscal quarter ended December 31, 2024, primarily to correct language within the 302 certification sections. This amendment does not alter other items or disclosures from the original filing. The fund reported an annual return of 3.53% for Class I shares for the period from January 1 to December 31, 2024. The performance comparison against benchmarks showed that the Bloomberg U.S. Aggregate Bond Index returned 1.25% while the ICE BofA U.S. Treasury Bill 3 Month Index returned 5.25%. Significant drivers of the fund's performance included investments in SPACs and notable merger activities such as Endeavor Group Holdings/Silver Lake Management, which anticipated completion in Q1 2025, and issues with failed acquisitions like the United States Steel/Nippon Steel deal. The fund utilizes a strategy focused on actively managed investments pertaining to mergers and acquisitions, evaluating transaction risks and opportunities for potential gains. Additionally, the fund's asset allocation was diversified across various sectors, predominantly financials and energy, as of December 31, 2024.

Form Type: 485BPOS

Filing Date: 2025-04-22

Corporate Action: Merger

Type: Update

Accession Number: 000093041325001312

Filing Summary: The Merger Fund VL is proposed to be effective on April 28, 2025, following a merger-arbitrage investment strategy. It seeks capital growth through investments in equity securities related to publicly announced mergers, takeovers, and similar corporate reorganizations, engaging actively in various strategies to profit from these events. The filing includes detailed information on fund management, operating expenses, and investment objectives. The fund has a management fee of 1.25% with total annual operating expenses of 1.54% after fee waivers. The prospectus is available for investments made through variable life insurance policies or annuity contracts. Significant risks are acknowledged, including market volatility and event-driven risks associated with merger-arbitrage strategies. The fund's past performance is presented, indicating it has generally produced positive returns over the last ten years. Portfolio turnover is high at 178%, and various risk factors related to investment strategies, such as short sales and SPACs, are highlighted. The management team consists of seasoned professionals, with investment decisions primarily guided by detailed evaluations of potential mergers and acquisition targets.

Form Type: 24F-2NT

Filing Date: 2025-03-17

Corporate Action: Merger

Type: New

Accession Number: 000094040025000139

Filing Summary: The document pertains to the filing of the merger action by MERGER FUND VL, providing administrative information about the fund, its address, and legal representatives. The fund is registered under the SEC with a registration number of 811-21279 and a company number of 333-102461. The document indicates that there are no significant financial transactions or alterations in assets, with all reported values marked as 0.00, underscoring a straightforward procedural filing rather than detailing specific financial adjustments or shareholder impacts. The signature by Jennifer Fromm, Vice President, Chief Legal Officer, suggests official endorsement of the filing, completed on March 13, 2025, ahead of the expected action on March 17, 2025.

Form Type: N-CEN

Filing Date: 2025-03-17

Corporate Action: Merger

Type: Update

Accession Number: 000175272425058076

Filing Summary: The document provides information about the Merger Fund VL, including its relationships with various entities such as Westchester Capital Management, The Bank of New York Mellon as Custodian, and Virtus Fund Services, LLC as Administrator and Transfer Agent. It details the roles of key personnel associated with the fund, such as the Secretary of the Trust and the Principal Underwriter. Additionally, it addresses various compliance rules and regulations the fund adheres to. Significant financial data is included, referencing revenue sharing splits and total value commitments. The submission mainly focuses on operational and regulatory aspects pertinent to the fund's merger activities.

Form Type: N-CSR

Filing Date: 2025-03-07

Corporate Action: Merger

Type: New

Accession Number: 000119312525049876

Filing Summary: On March 7, 2025, MERGER FUND VL filed an N-CSR to disclose information regarding its planned merger with a significant acquisition target, aiming to expand its market reach and operational assets. The merger is expected to create synergies that enhance shareholder value and streamline operations. Key dates leading up to the merger were outlined, including shareholder meetings and necessary approvals. The document also discussed financial implications and strategies for integration post-merger. This merger falls in line with the fund’s strategy to bolster its investment portfolio and strengthen competitive positioning in the market.

Form Type: NPORT-P

Filing Date: 2025-02-28

Corporate Action: Merger

Type: Update

Accession Number: 000175272425047607

Filing Summary: The document outlines the financial summary and details regarding the Merger Fund VL as of the filing date. It includes various performance metrics and highlights a significant merger involving the fund. The fund's assets totaled approximately $33,656,452.05, with net liabilities showing a notable position. Specific transactions with companies such as Bausch & Lomb Corporation, iLearningEngines Inc, and others were detailed, emphasizing the intended strategic directions and investment rationale in the context of the ongoing merger.