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

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

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The Fund is authorised to invest up to 100% of its assets in transferable securities consistent with the<br />

Fund's investment policy above issued or guaranteed by any of the entities referred to in paragraph 2.12<br />

of Appendix I. The Fund does not make any investments in equity or equity-related securities.<br />

Where considered appropriate the Fund may utilise techniques and instruments such as futures, options,<br />

stocklending arrangements and forward currency contracts for efficient portfolio management and/or to<br />

protect against exchange risks within the conditions and limits laid down by the Central Bank. Forward<br />

currency contracts may be used, but solely for hedging purposes. The intention of the hedging is to<br />

reduce any potential currency risks to which the Fund may be exposed.<br />

It is intended to distribute dividends to Shareholders of the Fund on an annual and semi-annual basis.<br />

The Fund may pay dividends out of net investment income and realised profits on the disposal of<br />

investments less realised and unrealised losses (including fees and expenses). In addition, in the event<br />

that realised profits on the disposal of investments less realised and unrealised losses is negative the<br />

Fund may still pay dividends out of net investment income and/or capital. The rationale for providing for<br />

the payment of dividends out of capital is to allow the Fund the ability to provide a stable and consistent<br />

level of distribution to investors seeking income oriented investment solutions.<br />

The Investment Manager is not obliged to communicate an expected dividend rate per share to<br />

Shareholders and prospective investors, and although it may choose to do so from time to time, investors<br />

should note that any such rate may vary with market conditions. There can be no guarantee that any rate<br />

will be achieved, and in the event that there is insufficient distributable income, gains or capital in the<br />

Fund to meet a specific level, investors in the Fund may receive no distribution or a lower level<br />

distribution.<br />

The assets and investments of the Fund are managed by <strong>ANIMA</strong> SGR S.p.A as Sub-Investment<br />

Manager.<br />

<strong>ANIMA</strong> Europe Equity<br />

Investor Profile<br />

This Fund is suitable for retail and institutional investors who see funds as a convenient way of<br />

participating in European capital market developments. Investors should be able to accept significant<br />

losses. The Fund is suitable for investors with a long investment time horizon and/or prepared to accept<br />

a high level of volatility.<br />

This is a Fund investing primarily in European equities. The Fund is denominated in Euro.<br />

The objective of the Fund is to seek long-term capital appreciation. The Fund will seek to achieve this<br />

objective through investment mainly in a diversified portfolio consisting of securities listed (or about to be<br />

listed) or traded on any Recognised Exchange in Europe. The Fund mainly purchases equity securities<br />

and/or equity related securities (including American Depository Receipts (ADR’s) and Global Depository<br />

14

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