Non-Mainstream Pooled Investments

RNS Number : 9962V

F&C Commercial Property Trust Ld

19 December 2013

 



19^th December 2013

F&C Commercial Property Trust Limited

Retail Distribution of Investment Company Shares - Final Announcement

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.

Following the receipt of legal advice that the Company would qualify as an investment trust if it was resident in the UK, the Board believes that the retail distribution of its Ordinary Shares should be unaffected by the proposed changes. It is the Board's intention that the Company will continue to conduct its affairs in such a manner and that IFAs should therefore be able to recommend its Ordinary Shares to ordinary retail investors in accordance with the FCA's rules relating to non-mainstream investment products.

All enquiries

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

Tel: [phone]

Fax: [phone]

 

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