Non Mainstream Pooled Product Rules

RNS Number : 7467V

Midas Income & Growth Trust PLC

17 December 2013

 



To:                   RNS

From:              Midas Income & Growth Trust plc

Date:               17 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

Alan Borrows                                                 

Miton Capital Partners Limited

0151 906 2461

 

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