The MRM Funds consist of the following: MRM Global Equity Fund Ltd., MRM High Yield Bond Fund Ltd., MRM International Convertible Bond Fund Ltd., MRM Liquid Assets Fund Ltd., MRM Reserve Fund Ltd., MRM Strategic Cash Management Fund Ltd., and MRM U.S. Equity Fund Ltd. Under these Company structures, MRM is offering income and accumulation units to qualified investors (minimum investment of $100,000) in sub classes managed by various leading investment managers.
The MRM Funds are open-ended mutual fund companies domiciled and incorporated under the laws of Bermuda in March of 1997. The funds include a daily money market fund, a cash fund, five fixed income funds, four US equity funds, a convertible bond fund and a high yield bond fund. The MRM Funds have been established to permit sophisticated private and institutional investors to participate in internationally diversified investment portfolios managed by a selection of professional portfolio managers selected by MRM Securities Ltd.
Mary A. Sousa, Listing Manager of The BSX, said, "We are very pleased to welcome the MRM Funds to the exchange and are especially pleased that the addition of these funds greatly enhances the existing list of offshore mutual fund companies. This brings the total number of listed funds on The BSX to 95."
Robert A. Mulderig, Chairman of Mutual Risk Management Ltd and MRM Securities Ltd, said, "We are delighted that the Funds have been listed on The BSX. The listing will enhance our ability to market these no-load, low expense funds run by world class money managers to institutions and private clients worldwide."
"The range of funds being offered by MRM will allow investors to compile a complete asset allocation model within one group of funds on a very competitive basis."
"The funds we are offering represent a very competitive product in the offshore market. The quality of the managers utilised and the no-load, low fee structure make these funds a very compelling investment opportunity for sophisticated investors."
The listing of these Funds was sponsored by MRM Securities Ltd., a subsidiary of MRM Financial Services Ltd. in Hamilton, Bermuda. The shares of the funds are available for trading with effect from this notice.
Fund information, including the latest NAV, is available on the Bloomberg system under the following tickers:
MRM Performa Liquid Assets Fund MRMPLAI .BH MRMPLAA.BH
MRM DLJ Strategic Cash Mgmt Fd MRMDSCI.BH MRMDSCA .BH
MRM Butterfield Intermed. Fix Inc. Fd MRMBIFI .BH MRM BIFA .BH
MRM Mercury Fixed Income Fd MRMFII.BH MRMMFIA .BH
MRM Performa Int'l Bond Fd MRMPIBI .BH MRMPIBA.BH
MRM Morgan Stanley Fix Inc. Fd MRMMSFI.BH MRMMSFA.BH
MRM Dewey Square Cap Defense Fd MRMDCDI.BH MRMDCDA.BH
MRM Jurika & Voyles US Equity Fd MRMJVUI.BH MRMJVUA.BH
MRM S.E. Asset Mgmt US Equity Fd MRMSEAI.BH MRMSEAI .BH
MRM Tweedy, Browne US Equity Fd MRMTBUI.BH MRMTBUA.BH
MRM Gabelli US Equity Fd
MRMGUEI.BH MRMGUEA.BH
MRM Performa Int'l Conv Bond Fd MRM PICI.BH MRMPICA.BH
MRM Offibank High Yield Bd Fd MRMOHYI.BH MRMOHYA.BH
MRM Tweedy, Browne Global Eq Fd MRMTBGI.BH MRMTBGA.BH
For further information on any of the MRM Funds, please contact MRM Securities Ltd. on 441- 295-5688.
For additional information on The BSX, please call Robin H. McPhee, 441-292-7212 or visit www.bsx.com.