Fundlogic MS US Eqty Fctrs UCITS $ Statement re : Fund Closure (5385D)
2022年10月20日 - 3:53PM
RNSを含む英国規制内ニュース (英語)
TIDMUSEF
RNS Number : 5385D
Fundlogic MS US Eqty Fctrs UCITS $
20 October 2022
http://www.rns-pdf.londonstockexchange.com/rns/5385D_1-2022-10-20.pdf
This Notice is sent to you as a shareholder of the MS Scientific
Beta US Equity Factors UCITS ETF,a sub-fund of FundLogic
Alternatives plc. It is important and requires your immediate
attention. If you are in any doubt as to the action to be taken,
you should immediately consult your stockbroker, solicitor or
attorney or other professional advisor. If you sold or otherwise
transferred your holding in the MS Scientific Beta US Equity
Factors UCITS ETF, please send this Notice to the stockbroker or
other agent through whom the sale or transfer was effected for
transmission to the purchaser or transferee.
This Notice has not been reviewed by the Central Bank of Ireland
and it is possible that changes hereto may be necessary to meet the
requirements of the Central Bank of Ireland. The Directors are of
the opinion that there is nothing contained in this Notice nor in
the proposals detailed herein that conflicts with the regulations
of the Central Bank of Ireland.
Defined terms have the same meaning as described in the
Company's prospectus dated 1 August 2022, as amended (the
"Prospectus") and the supplement in respect of the Fund dated 1
August 2022 (the "Supplement").
FundLogic Alternatives plc 70 Sir John Rogerson's Quay Dublin
2
Ireland
(an umbrella fund with segregated liability between
sub-funds)
20 October 2022
FundLogic Alternatives plc (the "Company")
MS Scientific Beta US Equity Factors UCITS ETF (the "Fund")
Dear Shareholder
As a Shareholder in the Fund, we are writing to inform you that
the Directors have resolved to terminate the Fund, with effect from
17 November 2022 (the "Effective Date").
This decision has been taken because the Fund's value is below
the minimum level detailed in the Prospectus, namely
US$50,000,000.
Shareholders may, in accordance with the conditions set out in
the Prospectus and the Supplement, redeem their shares in the Fund
on each Dealing Day prior to the Effective Date. Any remaining
Shareholders will have their shares in the Fund redeemed at the
applicable Net Asset Value per Share on the Effective Date. The
Fund may commence to liquidate its exposure prior to the Effective
Date and accordingly the Fund's exposure may substantially, and
increasingly as the Effective Date approaches, consist of cash.
Please note that the trading of Shares on the secondary market will
continue until the Effective Date or the date at which all Shares
are voluntarily redeemed prior to the Effective Date.
Directors: Maurice Murphy, Simon O'Sullivan, Rowena Mallaghan
(UK) and David Haydon (UK) Registered Office: 70 Sir John
Rogerson's Quay, Dublin 2, Ireland
Companies Registration Office Number 483770
Shareholders are advised to consult their tax advisors regarding
the effect of the closure of the Fund. Please contact the
Administrator should you require any further information.
Yours sincerely
For and on behalf of
the Board of Directors of FundLogic Alternatives plc
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END
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October 20, 2022 02:53 ET (06:53 GMT)
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