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BSX Announces The Listing Of CIREF Europe Limited
Ciref Europe Limited was incorporated on 01 May 2007 in BVI under the provisions of the Business Companies Act of 2004 and under the provisions of the Mutual Funds Act of 1996. The issue is being introduced for listing under the Restricted Marketing provisions of the Bermuda Stock Exchange, which is for securities that are aimed at Qualified Investors, being individuals or institutions that invest either a minimum of $100,000 or otherwise meet one of the suitability standards as defined by the Exchange. The shares are to be so distributed to investors under the laws of BVI by Beacon Fund Advisors and are subject to a minimum subscription of 100,000 pounds Sterling. 1,893,379.39 shares have been subscribed and issued to date of which 1,855,208.33 shares are held by Ciref Ltd., the AIM listed property Investment Company. The Fund objective is to invest in a diversified portfolio of commercial properties situated in Europe. The investments will be in the form of equity and subordinated loan notes into Special Purpose Entities that will in turn invest in property and/or property related securities on a leveraged basis. "The BSX is delighted to welcome Ciref Europe Limited to listing", said Mr. James S. McKirdy, Chief Compliance Officer of the BSX. "Appleby Securities (Bermuda) Limited is very pleased to have been chosen as sponsors of Ciref Europe Limited", said Carol Feathers, Director of Appleby Securities (Bermuda) Limited. For further information on the Company, please contact Mr. Nicolaas Faure at: +(284) 494-9820 Or email: confirmations@osiristrust.com