The Fund was incorporated on 15 February 2001 in the British Virgin Islands (BVI) and is registered as a professional fund as defined under the Mutual Funds Act, 1996.
The Participating Shares are divided into separate Classes, each of which has a different portfolio of investments or assets and different investment objectives.
The investment objective of the Class C Shares is to seek a high level of current income while maintaining liquidity and stability of principal. This class will invest primarily in the following assets:
i) Assets with an emphasis on income and capital preservation through investments in fixed deposits, AA or higher rated bank financial instruments, bonds, medium term notes.
ii) Assets with an emphasis on return on investments through buy/sell transactions repurchase and reverse repurchase agreements (repo), lending/borrowing securities transactions.
iii) Assets with an emphasis on growth of capital with consideration of yield through investments in convertible bonds, listed equity securities, debt securities, government and agency securities, fixed and adjustable rate mortgages (GNMA, FNMA).
iv) Structured notes ("Notes") with an emphasis on a high rate of return with a guaranteed coupon rate that is generated by investing into diversified basket of low volatility strategies. These notes will be used by major international financial institutions and typically have a Standard and Poors rating of AA - or better.
The listing of the Class C Non-Voting Participating Redeemable Shares of Doxa Fund Limited is sponsored by Gibbons Brokerage Services Ltd. The securities are being listed under the Listing Regulations for Collective Investment Schemes and the provisions for Restricted Marketing.
The Class A Non-Voting Participating Redeemable Shares of Doxa Fund Limited listed on the BSX on 26 June 2001.
"The BSX is pleased to welcome the Class C Shares of the Doxa Fund Limited to listing", said Mr. James S. McKirdy, Listing and Compliance Manager of the BSX. "This represents the second class of shares of the Fund to list this year".
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For further information on Doxa Fund Limited, please contact Mr. Sylvain Imperiale of Investment Bank Luxembourg at telephone: 00 352 26200 304 or facsimile: 00 352 26200 131.