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HSBC Mutual Funds - Market Announcement
Hamilton, Bermuda – 31 October, 2012 – In filings with the Bermuda Stock Exchange (“BSX”), HSBC Bank Bermuda Limited (the “Bank”) issued announcements affecting certain funds within the Bank’s in-house family of mutual funds. The announcements stated:
“Due to the storm in the US and the closure of the bond markets, HSBC Global Asset Management (Bermuda) Limited, in its capacity as the manager of the Companies, has announced the suspension of the determination of the net asset value and shareholder subscriptions and redemptions as of 30 October 2012 and until further notice for the following classes of the Companies:
HSBC Corporate Money Funds Limited USD Classes A, B, C, I and R
HSBC Specialist Funds Limited Short Duration Fixed Income Fund Classes AC, AD, IC, ID and R”
The Bank subsequently issued the following statement:
“Further to the announcement on 30th October 2012 that due to the storm in the US and the closure of the bond markets the determination of the net asset value and shareholder subscriptions and redemptions for the following classes of the Companies was suspended until further notice (the “Suspension”), HSBC Global Asset Management (Bermuda) Limited has now lifted the Suspension as of 31st October 2012.”
Enquiries:
Linda M. Sutherland
HSBC Bank Bermuda Limited
6 Front Street
Hamilton HM 11
Bermuda
Phone. 299-6122
Fax. 299-6565