Statement Re: AIFMD

RNS Number : 2451N

TR Property Investment Trust PLC

24 July 2014

 



TR PROPERTY INVESTMENT TRUST  PLC

NOTICE OF ENTRY INTO ARRANGEMENTS WITH SERVICE PROVIDERS TO ENSURE COMPLIANCE WITH THE ALTERNATIVE INVESTMENT FUND MANAGERS DIRECTIVE (2011/61/EU) ("AIFMD")

The Board of TR Property Investment Trust plc (the "Company") is pleased to announce that the Company has entered into arrangements necessary to ensure compliance with the AIFMD.

F&C Investment Business Limited has been appointed to act as the Company's alternative investment fund manager (the "AIFM"), with portfolio management delegated to Thames River Capital LLP (the "Portfolio Manager"), the current investment manager of the Company.  The existing management agreement between the Company and the Portfolio Manager has been updated to appoint the AIFM, appoint the Portfolio Manager as the delegate of the AIFM and ensure compliance with the AIFMD. The arrangements in respect of the investment management fees are unchanged.

F&C Investment Business Limited was approved as an AIFM by the UK's Financial Conduct Authority on 22^nd July 2014.

The Board has appointed BNP Paribas Securities Services, London Branch (the "Depositary") to act as the Company's depositary (as required by the AIFMD) on the terms of and subject to the conditions of a depositary agreement between the Company, the AIFM and the Depositary. BNP Paribas Securities Services was the Company's existing custodian.

All enquiries:

Nicola Sayers

Capita Company Secretarial Services, Company Secretary

Tel: [phone]

 

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