Full details on the Pacific Horizon Investment Trust Closed-End Fund NPV corporate action, including instructions on how to participate, the options available to you, and any deadline applicable.
Pacific Horizon Investment Trust Closed-End Fund NPV

Pacific Horizon Investment Trust Closed-End Fund NPV – Tender Offer

Corporate action reference: 201601472

Please note we must be in receipt of your instruction by 17 October 2016.

EVENT TERMS

Record Date: 09 August 2016

The Board has decided to exercise its discretion to implement a Tender Offer, to be implemented by J.P. Morgan Cazenove, for up to 5% of the shares in issue with the Record Date for participation in the Tender Offer being 9 August 2016.

The tender price will be set at a 2% discount to the Fair Value Cum-Income Net Asset Value, after costs, on the calculation date which is expected to be close of business on 24 October 2016.

Holders will be able to tender none, some or all of their shares with tenders in excess of a shareholders basic entitlement of 5% of their record date holding only satisfied to the extent that other shareholders tender less than their basic entitlement.

As you hold your shares with a nominee you may have your election scaled back by a greater or lesser percentage than you would if you held your shares in your own name.

If you would like further information about the terminology used in this notification, please visit our Ask a Question site

EVENT OPTIONS

Option 1: Tender - Cash - Basic Entitlement

Option 2: Oversubscribe

To reply to this event, please use the below link stating which option you would like to take.

Option 3: No Action (Default)

IF YOU WISH TO TAKE NO ACTION, OPTION 3, PLEASE DO NOT REPLY.

ADDITIONAL INFORMATION

We will aim to update your account within 5 business days of receiving the proceeds.

Overseas residents should consult their professional advisers as to whether they require any governmental or other consents or need to observe any other formalities to enable them to participate in the offer.

By accepting the offer, you will be representing to us that local laws and regulatory requirements have been complied with, including the obtaining of any governmental, exchange control and other consents that may be required and the payment of any issue, transfer or other taxes or duties due in that jurisdiction.

Please note that this page does not constitute investment or tax advice. If you are unsure of what option to take, or if you are in any doubt as to your tax position, please contact your financial advisor.

If you are an ISA or SIPP client your options may differ.

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