F&C INVESTMENT TRUST PLC
Foreign & Colonial Investment Trust PLC
NOTICE OF ENTRY INTO ARRANGEMENTS WITH SERVICE PROVIDERS TO ENSURE COMPLIANCE WITH THE ALTERNATIVE INVESTMENT FUND MANAGERS DIRECTIVE (2011/61/EU) ("AIFMD")
23 July 2014
The Board of Foreign & Colonial Investment Trust PLC (the "Company ") is pleased to announce that the Company has entered into arrangements necessary to ensure compliance with the AIFMD.
Following a review of the Company's arrangements, the Board has approved the appointment of F&C Investment Business Limited as the Company's alternative investment fund manager (the "AIFM ") on the terms of and subject to the conditions of a new investment management agreement between the Company and the AIFM (the "new agreement "). F&C Investment Business Limited is a subsidiary of F&C Asset Management PLC and was approved as an AIFM by the UK's Financial Conduct Authority on 22 July 2014.
The Company's existing management agreement between the Company and F&C Management Limited, which is not authorised as an AIFM, has been replaced with the new agreement. The management fee and notice period remain unchanged.
The Board has appointed J.P. Morgan Europe Limited (the "Depositary ") to act as the Company's depositary (as required by the AIFMD) on the terms of and subject to the conditions of a depositary agreement between the Company, the AIFM and the Depositary. The Company's existing custodian, JPMorgan Chase Bank NA, will continue to provide custody functions as a delegate of the Depositary.
All enquiries:
Hugh Potter
F&C Asset Management PLC
Tel: 020 7011 5183
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