Non-Mainstream Pooled Investments

RNS Number : 9740V

Schroder Real Estate Inv Trst Ld

19 December 2013

 



19 December 2013

Schroder Real Estate Investment Trust Limited (the 'Company')

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 has been advised that the Company's shares should not fall to be classified as non-mainstream pooled investments. The Board conducts the Company's affairs, and intends to continue to conduct its affairs, in such a way that 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 would be excluded securities under these new rules and will therefore be excluded from the FCA's restrictions which apply to non-mainstream investment products.

-ENDS-

For further information:

Schroder Property Investment Management Limited: Duncan Owen / Nick Montgomery	020 7658 6000
Northern Trust: David Sauvarin	01481 745529
FTI Consulting: Dido Laurimore / Nina Legge	020 7831 3113

 

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