Important update regarding P27 - Glanmore Property Fund
30 December 2008
The above mirror fund has been subject to certain restrictions since the beginning of 2008.
We have received further information from the fund managers regarding changes to these restrictions and wish to communicate these to you as quickly as possible.
Whilst a formal letter will be dispatched shortly to all clients investing in the mirror fund (along with a copy of that letter to their financial adviser), please find below the details of the amended restrictions:
- Postponement of payment - the postponement of any redemption/switch requests has now been extended for a further 6 month period from 30th December 2008.
- Existing Regular Withdrawals, Death Claims, Policy Maturities will continue to be honoured by FPIL until otherwise advised
A copy of the shareholder letter issued by the Glanmore Property Fund Limited is available on their website www.glanmore.com.
Redemption requests already placed with us by clients may be cancelled, should the client wish to do so. The mirror fund will also remain closed to new investment.
Should you require further information, please email your query to email@example.com.