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BSX Approves Listing of the Class ‘A10’ and ‘B10” USD Non-Voting Redeemable Preference Shares of the FMG Special Opportunities Fund Ltd
Hamilton, Bermuda: 19 July 2010 - The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the listing for up to 10,900,000 of the A10 and B10 USD non-voting redeemable preference shares of the FMG Special Opportunities Fund Ltd, (“the Fund”) and relating to all the classes of ‘10’ shares. BMA permission had been received for the issuance of up to 10,900,000 non-voting redeemable preference shares at a par value of US$0.001 each and relating to all the classes of ‘10’ shares.
The listing was effective from 18 May 2010.
The Fund was incorporated in Bermuda on 18 March 2005 as an open-ended investment company and can, therefore, issue and redeem and reissue its own shares at prices based on Net Asset Value. Shares of the Fund will be offered on a continuing basis.
Under the present law, the Fund is exempt from all income and capital gains taxes within the Islands of Bermuda.
The principal strategy of the Fund is the pursuit of above average returns through investment in specialized themes. A “theme” is defined as any investment idea the Investment Committee finds worthwhile exploring such as a concentrated Emerging or Frontier Market Portfolio. The Investment Committee may from time to time choose one or more investment themes, and then allocate to manage the assets of the Fund based on the Investment Committee’s subjective managers to interpretation of the manager’s ability to capitalize on the expected growth and opportunity in the specific theme chosen.
Apex Fund Services Ltd. sponsored the listing of the Ordinary Shares of the FMG Special Opportunities Fund Ltd. USD Class A 10 shares and USD Class B 10 shares.
“The BSX is delighted to welcome the FMG Special Opportunities Fund Class A10 and B10 shares to listing”, said Mr. James S. McKirdy, Chief Compliance Officer of the BSX.
For further information on the FMG Special Opportunities Fund Ltd. please contact Mr.