SEDCO Capital, fund manager of SEDCO Capital REIT Fund, announced significant changes in the terms and conditions of the fund, according to a bourse filing.
The fund manager said the changes will take effect on June 28, 2020, adding that the changes are as follows:
- Investment objectives section under fund's summary has been amended to include the updated dividend policy.
- Profit distribution policy and timing section has been amended in the fund's summary.
- Fund objectives section has been amended to include the updated dividend policy.
- A description clause for the fund's purposes and investment objectives has been amended to include the updated dividend policy.
- Dividends and other distributions section have been amended.
- Reporting the net assets value section has been amended.
- The board of directors’ section was amended due to the resignation of the board member Nawaf Jamjoom and appointment of Abdulwahhab Abed (executive director) in his place.
- Amendment of the fund's board of directors clause - other funds managed by fund’s board members -has been updated.
- Financial statements section amended.
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