Liontrust Tortoise Fund dealing update | Liontrust Asset Management PLC

Thank you for your continued support of the Liontrust Tortoise Fund. We are making a change to the dealing deadline of this Fund and are giving you advance notice of this. We believe this change is in the best interests of investors and you do not need to take any action as a result of this letter.

What change is Liontrust making?

The Global Fundamental investment team manages both the Liontrust Tortoise Fund, which is domiciled in the UK, and the Liontrust GF Tortoise Fund, which is domiciled in Ireland. The dealing deadlines of these funds currently differ. Therefore, we will be changing the dealing deadline of the Liontrust Tortoise Fund to align with the dealing deadline of the Liontrust GF Tortoise Fund. This means the dealing deadline will be 12pm for both funds from the effective date of the change on 1 May 2023.

There will be no other changes to the Liontrust Tortoise Fund, including the investment managers, the investment process and the risk profile.

We believe this change is in the best interest of investors as it will provide us with the opportunity to manage large fund flows if required.

In line with the requirements of our regulator, the Financial Conduct Authority (“FCA”), this notification provides you with advance notice in respect of the change of dealing deadline for the Fund.