continued30 May 2021 21:22
Key service organisations:
PACIFIC STAR CORPORATE FINANCE LAW
CIC Capital Fund Ltd (“CIC Capital Fund”) is a Canadian regulated public closed-end fund. The company ceased normal investing activities and operations.
Directors:
Li Hongguang (Kevin) - China
Trustee Mark A. Brockhurst - Australia
wwwCICCapital.com
Summery of Operations
CIC Capital Fund has ceased any investment activity due to investment fund providers, directing their capital to funds operating in the EU, in particular, Luxembourg and Frankfurt which offer a friendly jurisdiction with a significant change to regulatory statutes making a Canadian domicile less attractive.
There are no long term plans to re-admit the company to trading and remains dormant.
Shareholder meeting
Future direction of CIC Capital Fund will be voted byway of a special shareholders meeting. Shareholders will receive by email on or before June 4, 2021, an Information Circular and voting form. Major shareholders over 5% and insiders will abstain from voting in favour of minority shareholders.
CIC Capital Fund Ltd is a registered Luxembourg securitisation Société anonyme corporation. Established in January, 2020 under Luxembourg law dated 22 March 2004 on securitisation (Loi du 22 mars 2004 relative à la titrisation, telle que modifiée). Securitisation is the pooling of various illiquid assets and financing the acquisition of these pooled assets with the issuance of securities. The company holds seven separate compartments that allow for seven different securitisation transactions (organisme de titrisation) within the meaning of the Securitisation Law, undertakings which carry out the Securitisation in full, and undertakings which participate in such a transactions by assuming all or part of the securitised risks.
Directors:
Mrs. Zamyra H. Cammans - Luxembourg
Mrs. Sheena E. Gill - Luxembourg
Mrs. Meenakshi M. Ramassur - Luxembourg
Securitisation Principal: Stuart J. Bromley - UK
Accounting Year: 30 April
www.SECURITISATION.com
Summery of Operations
CIC Fund Securitisation commenced operation in February 2020. The company focused on medical science and technology companies that were processing patent applications (“IP”) that needed to raise capital by debt notes of plus Euro 30,000,000. The company has entered into a number of client agreements, and one client company has been transferred to a specific securitisation compartment as primary security against a EURO 30,000,000. A second security against the debt notes is the requirement for the client to be a regulated public issuer. The public listing is conducted separately by CIC Capital Ltd.
The company charges no capital raising commissions. Each client agreement