REVOCATION of UBL Gold Fund (UGF)

July 27, 2017

July 27, 2017

 

REVOCATION of UBL Gold Fund (UGF)

 

Dear Client,

We would like to take this opportunity to thank you for your continued patronage and the trust in UBL Fund Managers Limited.

We would like to apprise you that that UBL Gold Fund (UGF) will be revocated effective from August 02, 2017 pursuant to the provision of 45A(d) of NBFC Regulations, 2008, and sub-clause 10.4(iv) of the Offering Document of UGF. We have taken this decision with consent of the Trustee.

Consequently, the affairs of and all information relating to UGF shall be transferred to the Trustee effective from Wednesday August 02, 2017 till the completion of the final settlement of UGF. Accordingly, from the effective date the issuance and redemption of unit in UGF shall be suspended and scheme shall cease to carry on its business, except so far as may be required for the beneficial revocation thereof. The trustee shall proceed in accordance with the procedure provided in NBFC Regulations, 2008. This process is likely to take up to 4 weeks or more (subject to completion of formalities).

This will also effect the allocation of UBL Wealth Builder Plan (UWBP). After revocation of UGF, the existing allocation strategies of UBL Wealth Builder Plan will be revised as per the new ones as shown below:

We are offering various options for reallocation of your funds in UGF and UBL Wealth Builder Plan (UWBP) .For further details please contact your investment advisor or call us at 0800-00026 or send us an email at info@ublfunds.com