Non Mainstream Pooled Product Rules

RNS Number : 0211V

City Natural Res High Yield Tst PLC

09 December 2013

 



To:                   RNS

From:               City Natural Resources High Yield Trust plc

Date:                9 December 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.  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 an investment trust. 

For further information please contact:

Martin Cassels

R&H Fund Services Limited

0131 524 6140

Will Smith / Ian Francis                                                          

New City Investment Managers

0207 201 5387/5366

 

END

 

 

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