Fidelity timetable for Special Situations Fund split

The company has started to write to shareholders and advisers who have clients invested in the fund ,providing more details on the proposed division of assets announced in September. Subject to regulatory approval voting packs will be sent to shareholders in mid-June, followed by a shareholder meeting and vote in late July. If it all goes to plan and the proposals receive the support of shareholders Fidelity says it will divide the funds assets in mid-September. The information letter currently being distributed says Anthony Bolton, manager of the Special Situations Fund since it began,...