UNIVERSAL INVESTMENT FUND ANNOUNCES CHANGE OF DISTRIBUTION POLICY
Date | 1-Oct-2009 |
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UNIVERSAL INVESTMENT
FUND (the
"Fund") Amendment of Distribution Policy of the Strategic Europe Fund, the
Strategic Asia Fund and the State
Street Cayman Trust Company, Ltd. (the "Trustee") wishes to announce that the
distribution policy of the Strategic Europe Fund, the Strategic Asia Fund and
the Europe Premier Fund have been amended from 8 July 2009 as
follows. Strategic Distributions will be declared within 2 months of the Accounting Date
and 30 June in each year and / or on such other day or days as the Trustee deems
appropriate, and shall be paid, to Unitholders of record on the date of such
declaration, within three months of the date of such declaration or such other
day as the Trustee deems appropriate. Distributions shall be paid solely from the net income and net
realised and net unrealised capital gains or losses of the Sub-Fund accrued
during the period ending on the Accounting Date, or 30 June, or on such other
day or days as the Trustee deems appropriate, with such amount pro-rated amongst
the Unitholders based on the number of Units of the Trust held by each such
Unitholder on such date. Strategic Distributions will be declared within 2 months of the Accounting Date
and 30 June in each year and / or on such other day or days as the Trustee deems
appropriate, and shall be paid, to Unitholders of record on the date of such
declaration, within three months of the date of such declaration or such other
day as the Trustee deems appropriate. Distributions shall be paid solely from the net income and net
realised and net unrealised capital gains or losses of the Sub-Fund accrued
during the period ending on the Accounting Date, or 30 June, or on such other
day or days as the Trustee deems appropriate, with such amount pro-rated amongst
the Unitholders based on the number of Units of the Trust held by each such
Unitholder on such date. Distributions will be declared within 2 months of the Accounting Date
and 30 June in each year and / or on such other day or days as the Trustee deems
appropriate, and shall be paid, to Unitholders of record on the date of such
declaration, within three months of the date of such declaration or such other
day as the Trustee deems appropriate. Distributions shall be paid solely from the net income and net
realised and net unrealised capital gains or losses of the Sub-Fund accrued
during the period ending on the Accounting Date, or 30 June, or on such other
day or days as the Trustee deems appropriate, with such amount pro-rated amongst
the Unitholders based on the number of Units of the Trust held by each such
Unitholder on such date. All
words and expressions defined herein shall have the same meaning as in the
Prospectus of the Fund dated 20 June 2001 (as amended and supplement from time
to time) unless otherwise indicated.
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