ValuAlliance Asset Management and Leadway Capital Jointly Announce Restructuring Plans for ValuAlliance Value Fund

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ValuAlliance Asset Management Limited and Leadway Capital and Trusts Limited have considered a restructuring of the ValuAlliance Value Fund.

Today, the Fund Manager of the Fund announces that it has considered and, subject to obtaining regulatory approvals and the approval of unitholders, will implement a restructuring of the Fund from a listed closed-end fund to an unlisted a closed-end fund (also known as an interval fund) (the “Proposed Restructuring”).

ValuAlliance Asset Management and Leadway Capital Jointly Announce Restructuring Plans for ValuAlliance Value Fund
www.brandspurng.com

The principal terms of the Proposed Restructuring will be set out in the trust deed constituting the Fund and the proposed amendments will be circulated to the unitholders at the relevant time for consideration and approval.

Further details will be communicated to the market upon obtaining relevant approvals from regulators and unitholders.

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Unit holders and potential investors are advised to exercise caution when dealing in units of the Fund until a further announcement is made.

Read Also:  MTN still maintaining the Lion’s share

The ValuAlliance Value Fund is a closed-end unit trust scheme registered and regulated by the Securities and Exchange Commission, with its units listed on the official list and traded on the floor of the Nigerian Stock Exchange.

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ValuAlliance Asset Management and Leadway Capital Jointly Announce Restructuring Plans for ValuAlliance Value Fund - Brand SpurValuAlliance Asset Management and Leadway Capital Jointly Announce Restructuring Plans for ValuAlliance Value Fund - Brand Spur

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ValuAlliance Asset Management and Leadway Capital Jointly Announce Restructuring Plans for ValuAlliance Value Fund - Brand SpurValuAlliance Asset Management and Leadway Capital Jointly Announce Restructuring Plans for ValuAlliance Value Fund - Brand Spur

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