Last checked at 19 Dec 2013 12:26
19th December 2013
F&C Commercial Property Trust Limited
Retail Distribution of Investment Company Shares - Final Announcement
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.
Following the receipt of legal advice that the Company would qualify as an investment trust if it was resident in the UK, the Board believes that the retail distribution of its Ordinary Shares should be unaffected by the proposed changes. It is the Board's intention that the Company will continue to conduct its affairs in such a manner and that IFAs should therefore be able to recommend its Ordinary Shares to ordinary retail investors in accordance with the FCA's rules relating to non-mainstream investment products.
All enquiries
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: 01481 745001
Fax: 01481 745051