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Universe, The CMI Global Network Fund - Clerical Medical

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<strong>Universe</strong>, <strong>The</strong> <strong>CMI</strong> <strong>Global</strong> <strong>Network</strong> <strong>Fund</strong><br />

Directors’ Report to Shareholders<br />

<strong>The</strong> Directors are pleased to present the Annual Report for <strong>Universe</strong>, <strong>The</strong> <strong>CMI</strong> <strong>Global</strong> <strong>Network</strong> <strong>Fund</strong> (the "Company") for the year ended 30<br />

September 2010.<br />

DISTRIBUTION STATUS<br />

<strong>The</strong> Company has been approved for UK and Irish Distribution status for year ended 30 September 2009. <strong>The</strong> Distribution status for the year<br />

ended 30 September 2010 will be approved in 2011.<br />

DISTRIBUTIONS<br />

A distribution was declared on 1 October 2009 for all shareholders of those sub-fund classes with net distributable income as at 30 September<br />

2009.<br />

DIRECTORS<br />

<strong>The</strong> Directors of the Company holding office at the year-end are set out on page 3.<br />

6<br />

<strong>Universe</strong>, <strong>The</strong> <strong>CMI</strong> <strong>Global</strong> <strong>Network</strong> <strong>Fund</strong><br />

Board of Directors<br />

Luxembourg, 9 December 2010

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