ANIMA PRIMA FUNDS PLC FIRST ADDENDUM TO ... - ANIMA Sgr

No subscription will be accepted after the end of the Subscription Period. However, Shareholders may
elect in their Application Form to have cash dividends on all of their Shares reinvested towards the
purchase of additional Shares in the Fund.
Investment Manager
The assets and investments of the Fund are managed by ANIMA Asset Management Ltd. as Investment
Manager.
Investment Objective and Policies
The Fund is being primarily structured as a fund giving a return to investors at the Maturity Date. The
investment objective is therefore as set out in the section headed “After the Subscription Period and up to
Maturity Date”. The reason for having a Subscription Period is to have a short time period during which
the Fund will accept subscriptions and invest them in a manner designed to preserve capital while at the
same time allowing for some capital appreciation without limiting the Fund to bonds maturing in 2016.
After the Subscription Period subscriptions are no longer accepted Shareholders may elect in their
Application Form to have cash dividends on all of their Shares reinvested towards the purchase of
additional Shares in the Fund.
The Fund will never invest in equities.
During the Subscription Period
During the Subscription Period, the objective of the Fund will be to seek to provide capital preservation
and appreciation. The Investment Manager will seek to achieve this objective through investment on a
global basis mainly in Euro Money Market Instruments, in Euro Debt Instruments and Non-Euro Debt
Instruments, in each case listed or traded on a Recognised Exchange.
The Fund may invest up to 100% of its net assets in Euro Money Market Instruments and/or Euro Debt
Instruments and/or Non-Euro Debt Instruments, in each case being of investment grade or better or, if unrated,
being, in the opinion of the Investment Manager, of comparable quality. Subsequent to its purchase
by the Fund, a security may cease to be rated or its rating may be reduced to below investment grade.
The Fund may invest up to 30% of its net assets in securities/instruments of below investment grade.
Where an instrument ceases to be rated or its rating is reduced to below investment grade, the
Investment Manager will consider such event in determining whether the Fund should continue to hold
the security.
The Fund may invest up to 30% of its net assets in convertible bonds, up to 10% of its net assets in
warrants and up to 30% of its net assets in emerging markets, of which up to 10% of net assets may be
concentrated in Russia.
In any event, the Fund’s combined exposure to (i) debt or debt related instruments issued by emerging
markets (regardless of an instrument’s rating) and (ii) non-emerging markets convertibles (regardless of
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