As many of you will know, we recently balloted investors in the STANLIB Multi-Manager Equity Feeder Fund to have it converted into a direct multi-managed fund where the underlying shares are held and managed by the selected managers in segregated mandates rather than via units in another fund.

We are pleased to announce that the ballot has been accepted by our clients and as such the fund will convert on the 14th November 2008.

A lot of work is being done behind the scenes to ensure that this conversion takes place seamlessly, such that on the day the only visible change that investors will see is the change in fund name on their statement. The number of units you own in the Fund will not change. If you follow the Fund's fact sheet closely you will also notice some manager changes, which will be highlighted in the November fact sheet.