Compliance with the AIFMD

RNS Number : 2850N

F&C UK Real Estate Investments Ltd

24 July 2014

 



To:                   RNS

Date:               24 July 2014

From:              F&C UK Real Estate Investments Limited

Compliance with the Alternative Investment Fund Managers Directive ("AIFMD")

The Board is pleased to announce that the Company has entered into arrangements necessary to ensure compliance with the AIFMD.

Following a review of the Company's arrangements, the Board has approved the appointment of its existing investment manager, F&C Investment Business Limited ("FCIB"), as the Company's alternative investment fund manager (the "AIFM") on the terms of and subject to the conditions of a new investment management agreement between the Company and the AIFM. FCIB is a subsidiary of F&C Asset Management plc and was approved as an AIFM by the UK's Financial Conduct Authority on 22 July 2014.

The Company's existing management agreement with FCIB has been replaced with the new agreement. The management fee, performance fee and notice period provisions remain unchanged.

F&C REIT Property Asset Management Limited ("F&C REIT") will continue to act as the Company's property manager under the terms of a delegation agreement between the Company, FCIB and F&C REIT.

The Board has appointed J.P. Morgan Europe Limited (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.

All enquiries to:

The Company Secretary                                                               

Northern Trust International Fund Administration Services (Guernsey) Limited       

Trafalgar Court                                                                               

Les Banques                                                                                  

St. Peter Port                                                                                 

Guernsey GY1 3QL                                                                       

Tel: [phone]

Fax: [phone]

 

END

 

 

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