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BSX Approves Listing of up to 3,000,000 Investor Shares of Caritas Royalties Fund II (Bermuda) Ltd
Hamilton, Bermuda: 31 October 2005 - The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the listing of up to 3,000,000 Investor Shares of Caritas Royalties Fund II (Bermuda) Ltd. (the "Fund").
The Fund was incorporated under the laws of the Bermuda on 13 May 2005 and is classified as a Bermuda Institutional Scheme under BMA (Collective Investment Scheme Classification) Regulations, 1998.
The Fund's objective is to receive income and profit primarily based upon a diversified portfolio of private United States oil and natural gas royalty interests ("Royalty Interests"), a portion of which may be hedged against oil and gas commodity price movements. Royalty Interests are contractual rights to receive a fixed percentage of revenues from leases on currently producing oil and natural gas properties that are owned and operated by third parties.
Continental Sponsors Ltd. sponsored the listing of the Investor Shares of the Fund. The securities are being listed under the Listing Regulations for Collective Investment Vehicles and the provisions relating to Restricted Marketing.
"We are pleased to welcome the Investor Shares of Caritas Royalties Fund II (Bermuda) Ltd. to listing", said Mr. James S. McKirdy, Chief Compliance Officer of the BSX.