| - Net Asset Value : USD
105.64
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| - Date : March 10th, 2010 |
| - Next Dealing Day : - |
| - Subscription : - |
| - Value Date of Funds to be Transferred : - |
| - Value Date of Redeemed Funds to be Transferred : - |
Redemption
The Fund is a close-ended vehicle; subscriptions took place only during the initial build-up period, and redemption will be only upon termination of the fund, on May 2013.
However, the Fund‘s listing on the Beirut Stock Exchange provides a daily liquidity where Bank of Beirut s.a.l. and other banks are acting as market makers. |
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The Fund
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Beirut Preferred Fund is a close-ended Lebanese Common Placement Fund, with all its shares listed on the Beirut Stock Exchange (USD 32.50 million, 325,756 shares at USD 100, each at launch date). It benefits from a conservative allocation of various fixed income securities issued by the top 10 Lebanese Banks, with all maturities not to exceed the duration of the Fund. Additional performance is generated from arbitrage operations, through the minimum leverage allowed. The Fund intends to distribute a semi-annual dividend, since its objective is to provide a regular income.
The Fund is denominated in U.S. Dollar. |
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Who should invest in Beirut Global Income?
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Investors who are seeking high return and low risk. The daily exit through the Beirut Stock Exchange will secure settlement of funds in investors’ accounts within 3 days. |
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| Latest Monthly Reports |
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