- The general market for commercial property may during the period of any
investment in shares in the Fund depreciate with the result that the value
of the Fund's property investment portfolio falls. The value of any individual
property may fall, for example, due to the insolvency of a tenant. The monthly
valuation of the Fund will be predominantly based on the opinion of the valuer
of the Fund of the current market value of the Fund's property portfolio.
- The cash resources immediately available to meet applications
for redemptions of shares in the Fund are limited and if net redemption requests
on any subscription day exceed those resources investment properties may need
to be sold in order to redeem such shares. As land and buildings may be difficult
to sell on these occasions, there may be times when the shares cannot be immediately
redeemed.
- An investment of the type offered by the Fund may not be suitable
for all investors who should seek advice from their investment adviser,
- It is intended that an investment in the shares in the Fund will
procure regular income for the investors who should be aware that this income
will fluctuate. In addition it should be noted that the tax treatment of the
Fund may change.
- Charges and expenses in connection with the Fund are not made
uniformly throughout its life and it is possible that an investor may not
receive back the full amount of its investment especially if it is redeemed
within one year.
- Redemption of the shares in the Fund is at the discretion of
the Fund's Directors and there may be circumstances in which it is decided
not to permit redemption. Your attention is drawn to the provisions for redemption
in the Prospectus.
- Past performance is not necessarily a guide to future performance.
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