# The Common Investment (Amendment) Scheme 1999, Section 7: Ending of Gross Income Fund


(1) Subject to paragraph 4(2), all the assets of the Gross Income Fund shall be added to the High Yield Fund and shall from then be treated as assets of the High Yield Fund.
(2) Subject to paragraph 5(3), all the units in the Gross Income Fund shall be cancelled.
(3) The number of units into which the High Yield Fund is divided shall be increased by the number of the additional HYF units.
(4) For each unit in the Gross Income Fund which was in existence immediately before the effective date, there shall instead be allotted to the Accountant General a number of units in the High Yield Fund equal to the multiplier.

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Source: https://www.legislation.gov.uk/uksi/1999/551/section/7 (the official version)
Page: https://openlegislation.uk/common-investment-amendment-scheme-1999/section-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.