24 Dec 2013 10:29
F&C Private Equity Trust plc(the "Company")
Suitability for Retail Distribution
The Board notes the proposed changes to the Financial Conduct Authority's ("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 Company is an investment trust and the Board therefore believes that its Ordinary Shares and Zero Dividend Preference Shares are not subject to these restrictions. The Company conducts its affairs in a way that it believes its shares can be recommended by IFAs to ordinary retail investors in accordance with the FCA's rules relating to non-mainstream investment products and intends to continue to do so.
Name of contact and telephone number for enquiries:
G R Hay Smith
F&C Asset Management plc
Telephone: 0207 628 8000