Company name Traditional Funds
Headline Change of Name of Share Classes


RNS Number : 6609G
Traditional Funds plc
02 July 2012
 

STOCK EXCHANGE ANNOUNCEMENT

 

For Immediate Release                                                                                                                   2 July, 2012

 

 Traditional Funds plc (the "Company")

 

Re: Change of Name of Share Classes

 

The Directors of the Company wish to announce that with effect from, 2 July 2012, the names of certain share classes in various sub-funds of the Company have been changed, as per below:

 

From:

To:



Thames River European Absolute Return Fund-

Thames River European Absolute Return Fund-

Class B Sterling Distributing Shares

Class C Sterling Distributing Shares



Thames River Global Emerging Markets Fund

Thames River Global Emerging Markets Fund

Euro Distributing Shares

Class A Euro Distributing Shares

Euro Accumulating Shares

Class A Euro Accumulating Shares

Sterling Distributing Shares

Class A Sterling Distributing Shares

US Dollar Distributing Shares

Class A US Dollar Distributing Shares

US Dollar Accumulating Shares

Class A US Dollar Accumulating Shares



Thames River Global Bond Fund (£)

Thames River Global Bond Fund (£)

Sterling Distributing Shares

Class A Sterling Distributing Shares

Sterling Accumulating Shares

Class A Sterling Accumulating Shares



Thames River Global Bond Fund (€)

Thames River Global Bond Fund (€)

Distributing Shares

Class A Euro Distributing Shares

Accumulating Shares

Class A Euro Accumulating Shares



Thames River Global Bond Fund ($)

Thames River Global Bond Fund ($)

Distributing Shares

Class A US Dollar Distributing Shares

Accumulating Shares

Class A US Dollar Accumulating Shares



Thames River Emerging Asia Fund

Thames River Emerging Asia Fund

Class B US Dollar Distributing Shares

Class A US Dollar Distributing Shares

Class B US Dollar Accumulating Shares

Class A US Dollar Accumulating Shares

Class B Euro Accumulating Shares

Class A Euro Accumulating Shares

Class B Euro Distributing Shares

Class A Euro Distributing Shares

Class B Sterling Distributing Shares

Class A Sterling Distributing Shares

Class A Euro Accumulating Shares

Class B Euro Accumulating Shares

Class A Sterling Distributing  Shares

Class B Sterling Distribution Shares

Class A US Dollar Accumulating Shares

Class B US Dollar Accumulating Shares



Thames River Water & Agriculture Absolute Return Fund

Thames River Water & Agriculture Absolute Return Fund

Euro Accumulating Shares

Class A Euro Accumulating Shares

Euro Distributing Shares

Class A Euro Distributing Shares

US Dollar Accumulating Shares

Class A US Dollar Accumulating Shares

US Dollar Distributing Shares

Class A US Dollar Distributing Shares

Sterling Accumulating Shares

Class A Sterling Accumulating Shares

Sterling Distributing Shares

Class A Sterling Distributing Shares

Norwegian Krone Accumulating Shares

Class A Norwegian Krone Accumulating Shares

Norwegian Krone Distributing Shares

Class A Norwegian Krone Distributing Shares

Singapore Dollar Accumulating Shares

Class A Singapore Dollar Accumulating Shares



Thames River Real Estate Securities Fund

Thames River Real Estate Securities Fund

Class B Sterling Distributing Shares

Class C Sterling Distributing Shares



Thames River Global Emerging Markets Absolute Return Fund

Thames River Global Emerging Markets Absolute Return Fund

Class B Sterling Distributing Shares

Class C Sterling Distributing Shares






 

Change to Subscription/Redemption Cut-Off Times

The Directors also wish to advise with effect from 2 July 2012, the subscription and redemption cut-offs in respect of the Thames River Emerging Asia Fund and the Thames River Global Emerging Markets Fund has been changed from 4.00pm (Dublin time) to 3.00pm (Dublin time).  The slightly earlier subscription cut-off time is intended to assist the investment of the subscription amounts before closure of the Relevant Funds' markets.

 

 

Distribution policy changes

 

The distribution policy for the Distributing Shares in the following Sub-Funds is being altered in order to reflect changing from the UK distributor status taxation rules to the UK reporting fund rules - Thames River European Absolute Return Fund, Eastern European Fund, Thames River Global Emerging Markets Fund, Thames River Emerging Asia Fund, Thames River Water and Agriculture Absolute Return Fund and Thames River Global Emerging Markets Absolute Return Fund.

 

UK distributor status required even quite small amounts of net income received by a Sub-Fund to be paid out to Shareholders as a dividend, but UK reporting fund rules give more discretion to the Directors to allow income to accumulate in a Sub-Fund for the benefit of Shareholders. This enables the Directors to consider other relevant factors, such as the cost to the Sub-Fund of making the distribution payments, when deciding whether or not to make a distribution. 

 

Shareholders holding Distributing Shares in the above-mentioned Sub-Funds should note the amended distribution policy outlines that the Directors do not anticipate that the Fund will generate an amount of income sufficient to pay a dividend to the holders of Distributing Shares of the Fund.  However, if sufficient income is generated in any financial year the Directors have discretion to pay such amount as a dividend as they consider to be appropriate, relative to the costs of making such distribution. Any such dividends are paid annually on or after the end of the financial year.

 

 

 

Enquiries:

 




Davy

Elaine Drennan

+353 1 614 8933

 

 

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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