| - Net Asset Value : USD
102.37
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| - Date : August 13th 2008 |
| - Next Dealing Day : - |
| - Subscriptions : - |
| - Value Date of Funds to be Transferred : - |
Subscription/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 BeirutStock Exchange (USD 32.50 million, 325,756 shares at USD 100, each at launch date). It benefits from a conservativeallocation 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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Realized Performance - 2008
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| BPF Realized Performance : the Fund's real performance since January 2008 is 7.05%. |
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| Latest Monthly Reports |
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