Prospectus Of Clerical Medical Open Ended Investment Company ...

SHARES IN THE COMPANY
Share classes
- Income shares and accumulation shares
Two classes of shares are currently available – income shares and accumulation shares.
Accumulation shares are available for the Clerical Medical FTSE 100 Tracker Fund, the
Clerical Medical Income Fund, the Clerical Medical International Managed Fund and the
Clerical Medical Balanced Managed Fund. Income shares are available for the Clerical
Medical Income Fund.
Holders of income shares will receive distributions, where payable. Tax vouchers will be
issued in respect of distributions made and tax accounted for.
Holders of accumulation shares do not receive payments of income. Any income arising in
respect of an accumulation share is automatically accumulated and is reflected in the price of
each share. Tax vouchers will be issued in respect of accumulations made and tax
accounted for.
- Other classes of shares
The Company’s Instrument of Incorporation permits the Company to issue other classes of
shares in relation to each Fund. Creation of such further classes will not affect the rights of
holders of shares of the existing classes.
Register
A register of shareholders is maintained at The Bank of New York Mellon (International)
Limited, BNY Mellon House, Ingrave Road, Brentwood, Essex CM15 8TG. Certificates are
not issued. To assist shareholders in monitoring their holdings of shares a half-yearly
valuation showing current holdings will be sent (with tax vouchers where applicable) to all
shareholders, or the first named shareholder in the case of joint holdings, of a Fund.
The register is prima facie evidence as to matters properly entered in it. No notice of any
trust express, implied or constructive may be entered in the register or be receivable by the
Company. The Registrar is not obliged to register more than four persons as the joint
holders of any shares.
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