Fidelity China Special Situations to merge with abrdn China Investment Company.

Fidelity China Special Situations, a large British investment trust dedicated to long-term investments in Asia, agreed to merge with abrdn China Investment Company, a closed-end investment company. The proposals will be effected by way of a Guernsey scheme of reconstruction of ACIC, resulting in the voluntary winding up of ACIC and the transfer of part of ACIC's cash, assets and undertaking to FCSS on a formula asset value for FAV basis. Under the Scheme, ACIC shareholders will be deemed to have elected to receive New FCSS Shares in respect of their ACIC shares unless they elect to receive cash in respect of some or all of their ACIC shares.