This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
BSX Approves Secondary Listing Of The Participating Shares Of The Aurum Isis Japanese Yen Fund Ltd
Hamilton, Bermuda: October 18, 2010 – The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the secondary listing of up to 4,999,000 Participating Shares of par value JPY0.2 each, of the Aurum Isis Japanese Yen Fund Ltd effective September 01, 2010. the Aurum Isis Japanese Yen Fund Ltd was admitted to the Official List of the Irish Stock Exchange on September 01, 2010. The ISE will be the Primary Exchange for the the Aurum Isis Japanese Yen Fund Ltd.
The Aurum Isis Japanese Yen Fund is a feeder fund for the Master Fund, the Aurum Isis Dollar Fund Ltd. (“the Dollar Fund”), which was originally incorporated as Aurum Isis Fund Ltd. in the British Virgin Islands on 16 October 1997 and was continued in Bermuda on 1 December 2003. The Aurum Isis Fund Ltd. (“the Master Fund”), Aurum Isis Euro Fund Ltd. (“the Euro Fund”) and Aurum Isis Sterling Fund Ltd. (“the Sterling Fund”) were incorporated in Bermuda on 30 October 2004. Aurum Isis Swiss Franc Fund Ltd. (“the Swiss Franc Fund”) was incorporated in Bermuda on 15 October 2008. The Dollar Fund, Euro Fund, Sterling Fund, the Swiss Franc Fund, and the Japanese Yen Fund collectively are the “Feeder Funds” and with the Master Fund constitute “The Funds”.
The Feeder Funds invest solely, apart from currency hedging intended to protect the base currency value, into US Dollar denominated Participating Shares of Aurum Isis Fund Ltd. (“the Master Fund”), which will not otherwise be available to subscribers.
The Participating Shares of the Feeder Funds will be valued in their specific currencies. The Participating Shares of the Master Fund will be valued in US Dollars. The Euro Fund, the Sterling Fund and the Swiss Franc Fund whilst investing into US Dollar valued Participating Shares of the Master Fund will, by appropriate currency hedging, seek to protect the value of their shares in Euro, Sterling and Swiss Franc terms respectively irrespective of movements in currency values between the US Dollar, Euro, Sterling and Swiss Franc.
The Master Fund will invest principally in US Dollar valued investments, which in turn are likely to hold investments in other currencies. The Master Fund will not protect the Dollar value of its assets against movement in currency value but will take the possibility of such movements into account in its investment policy.
The objective is to secure so far as possible that the Euro Fund, the Sterling Fund, the Swiss Franc Fund, and the Japanese Yen Fund make neither gain nor loss from currency fluctuations in respect of their base currency and the US Dollar except as may arise within the underlying portfolio of the Master Fund.
Continental Sponsors Ltd sponsored the listing of the Participating Shares of the Fund. The securities are being listed under the Listing Regulations for Collective Investment Schemes and the provisions for General Marketing.
For further information on the Aurum Funds, please contact Mr. Dudley Cottingham at telephone: 292-6952 or facsimile: 295-4164.