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BSX Approves Listing of up to 300,000 Investment Shares of Fabian Romania Property Fund Limited
Hamilton, Bermuda, 8 June 2005 - The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the listing of up to 300,000 Investment Shares of Fabian Romania Property Fund Limited (the "Fund").
The Fund was incorporated in Jersey on 20 April 2005 as a par value company with limited liability under the provision of the Companies Law and CIF Law. The Fund will be classified as a closed-ended Expert Fund.
The investment objective of the Fund is to achieve capital growth and income via ultimate investments in Romanian property. The assets of the Fund will be invested primarily in commercial real estate in Romania.
The Offering of the Investment Shares is expected to close on or about 27 May 2005.
First Bermuda Group Limited sponsored the listing of the Investment Shares of Fabian Romania Property Fund Limited. The securities are being listed under the Listing Regulations for Collective Investment Schemes and the provisions for Restricted Marketing.
"The Fund offers a unique opportunity to invest in commercial property in Romania before joining the EU in January 2007" said Mark Holdsworth, Director of the Fabian Romania Property Fund.
"The BSX is pleased to welcome Fabian Romania Property Fund Limited to listing", said Mr. James S. McKirdy, Chief Compliance Officer of the BSX.