Non Mainstream Pooled Investments

RNS Number : 0386V

Standard Life Invs Property Inc Tst

09 December 2013

 



RIS ANNOUNCEMENT

09th December 2013

STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED

NON MAINSTREAM POOLED INVESTMENTS

The Board notes the proposed changes to the FCA rules relating to the restrictions on the retail distribution of unregulated collective investment schemes and close substitutes which will come into effect on 1 January 2014. 

The Board conducts its affairs, and intends to continue to conduct its affairs, as if the Company would be an Investment Trust if it was resident in the UK. Having taken legal advice, the Board believes that, on that basis, the Company's shares will be excluded securities under these new rules and will therefore be excluded from the FCA's restrictions which apply to non-mainstream investment products.

All enquiries

The Company Secretary

Northern Trust International Fund Administrations Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Tel: [phone]

Fax: [phone]

 

END

 

 

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