Shareholder Rights

Introduction

This is a summary of rights afforded to you as a Shareholder whose name appears on the share register of the Fund. As the Fund itself does not have a website, this summary of rights has been posted on the website of E.I. Sturdza Strategic Management Limited (“Eric Sturdza Investments”), the appointed Investment Manager of the Fund. Should you require any further information relating to the terms of your investment, please refer to the prospectus, the Articles of Association of the Fund, key investor information document (“KIID”) and application form.

Entitlement to receive certain information relating to your investment in the Fund

As a Shareholder in the Fund, a copy of the latest annual and, where applicable, semi-annual financial statements of the Fund will be available to you at https://ericsturdza.com/literature and a copy of such reports shall be provided to you on request and free of charge by contacting the public office of the Administrator.

The latest Net Asset Value per Share is also available from https://ericsturdza.com/funds/ and on request from Eric Sturdza Investments by contacting info@ericsturdza.com.

The current prospectus of the Fund shall also be available from Eric Sturdza Investments, the Administrator or the Distributor, a paper copy of which will be delivered to you on request and free of charge.

Entitlement to redeem your interest in the Fund 

Shareholders in the Fund are entitled to redeem their shareholding and receive the redemption proceeds relating to such Shares within the timeframe and subject to such conditions as detailed in the Fund’s prospectus.

Voting rights and related matters

Save to the extent that a Shareholder has chosen to invest in Shares which do not carry voting rights, a Shareholder has the right to vote (whether in general meeting or, where so permitted under the Fund’s Articles of Association, by way of a written resolution) on shareholder resolutions relating to the Fund, relevant Sub-Fund or Class in accordance with the conditions set down in the Fund’s prospectus.

Under applicable legislation, a Shareholder holding not less than 10% of the voting rights in the Fund (or relevant Sub-Fund or Class as applicable) may request the directors of the Fund to convene an extraordinary general meeting of the Fund (or relevant Sub-Fund or Class as applicable) in accordance with the provisions of the relevant legislation.

Under applicable legislation, a Shareholder present at a general meeting in person or by proxy representing not less than 10% of the voting rights in the Fund (or relevant Sub-Fund or Class as applicable) may demand that a resolution be determined by a poll instead of on a show of hands.

Entitlement to make a complaint

In accordance with the UCITS regulations and as a Shareholder in the Fund, you are entitled to make a complaint free of charge. Any such complaint must be handled by the Fund promptly and effectively.

You also have the right to refer the relevant complaint to the Financial Services and Pensions Ombudsman if, after following the Fund’s complaints process, you are still not satisfied with the response received.

Further information on the complaints policy relating to the Fund is available to download here.

Investor rights against the Fund and service providers of the Fund

As a Shareholder in the Fund, you have a right of action against the Fund for any breach of contract.

Shareholders in the Fund do not have any direct contractual rights against any service provider appointed in respect of the Fund because of the absence of a direct contractual relationship between the Shareholder and the relevant service provider. Instead, the proper plaintiff in an action in respect of which wrongdoing is alleged to have been committed against the Fund by the relevant service provider is typically the Fund.

Notwithstanding the foregoing, a Shareholder has a regulatory right of action to pursue the Depositary appointed by the Fund in respect of (i) any loss of an asset held in the custody of the Depositary or any delegate of the Depositary or (ii) of any other losses caused by the Depositary’s negligent or intentional failure to properly fulfil its obligations under applicable regulations provided that this does not lead to a duplication of redress or to unequal treatment of Shareholders in the Fund.

Representative actions under Irish law

Currently, under Irish court rules, there is no formal representative action procedure in place which facilitates collective redress by consumers in respect of infringements of EU or national law. This means that any action brought in an Irish court relating to an infringement of Irish or EU laws governing collective investment schemes and their managers must currently be litigated on an individual basis.

A collective redress mechanism, as required under Directive (EU) 2020/1828, must be implemented in Ireland by 25 June 2023.

General

It should be noted that this summary addresses rights conferred on Shareholders under the applicable legislation governing the operation of the Fund in which you are invested. You may also be afforded rights under other legislation or regulatory frameworks which are not addressed above, including, for example, your rights as a data subject under Regulation 2016/679.