Core Asset Management

CORE INVESTMENT MONEY MARKET FUND (COINMMF)

FUND NAME: COINMMF

Fund Manager: Core Asset Management Limited

Issuing House: Core Trust & Investment Limited

Trustees to the Fund: FBNQuest Trustees Limited

Target Investors: 
Low to middle class individuals and institutional investors’ resident within and outside Nigeria.

The Offer: 
10,000,000 Units of N100.00 each at N100.00 per unit (or the US$ equivalent) in the CORE INVESTMENT MONEY MARKET FUND.

Nature of the Fund: 
The fund is designed specifically to generate competitive income while providing capital stability, liquidity and diversification. The fund will invest in low risk short debt securities like bankers’ acceptance, certificate of deposit and commercial paper.

The Fund is an actively managed open-ended Fund. Investor will be free to subscribe to its units through the Fund Manager after the initial public offer.

The Fund has an initial target of 10,000,000 units; the fund manager will issue additional units when required, with the consent of the Trustee, subject to the registration and approval of the units to be offered by the Commission.

Price: 
N100.00 per Unit or the US$ equivalent

Minimum Subscription: 
30 units at N100.00 per unit (or the US$ equivalent) and in multiples of 10 units thereafter.

Payment: 
In full on application.

Redemption: 
Redemption shall be made on any working day of the week. Redemption payments will be made to the Unit Holder 5 business days after the relevant Valuation Date at the Net Asset Value ruling on the Valuation Date following the date of receipt of the written Redemption Notice accompanied by the Unit Certificate.

Redemptions within 30 days from the date of subscription for Units will attract a fee in an amount equal to 10% of the income accrued on the Redemption proceeds.

Registrar to the Fund: 
First Registrars Limited

 

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