Non Mainstream Pooled Product Rules

RNS Number : 9917T

Target Healthcare REIT Limited

26 November 2013

 



TARGET HEALTHCARE REIT LIMITED

To:       RNS

From:  Target Healthcare REIT Limited

Date:   26 November 2013

Non Mainstream Pooled Product Rules

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, the Board confirms that it conducts its affairs, and intends to continue to conduct its affairs, so that 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. 

The Company's shares are excluded securities because the Company is a real estate investment trust.

Enquiries:

Kenneth MacKenzie

Target Advisers

01786 406 581

Graeme Caton

Winterflood Securities

020 3100 0268

 

END

 

 

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