Strutt and Parker Real Estate Financial Services Limited ("SPREFS") announces the launch of the SPREFS UK Commercial Property Fund p.l.c. (the “Fund”) This offer closes on 14th May 2004.

The key benefits of the Fund are as follows:

  • Aims to achieve a steady income
  • The underlying portfolio has produced net income returns averaging over 5.8% over the last eight years.
  • The fund structure has no external borrowings (see note 1)
  • Available to ISA, SIPP and SSAS investors.
  • The Fund invests in an underlying portfolio of over £700 million worth of UK commercial property.
  • The underlying portfolio is managed by an experienced team with a long track record.
  • The underlying portfolio is actively managed with the aim to grow both income and capital.
  • Minimum investment £3,000 via an ISA and £15,000 for all other investors.
  • Shares can be traded daily via your stockbroker or bank. (see note 2)
  • Competitive fee structure.

Full Details

For full details and to download a copy of the prospectus dated 11th February 2004 and application form please click here www.sprefs.com or call 0870 4205511 for a prospectus or 0870 4205522 for ISA investments

Please note the offer closes on 14th May 2004 unless fully subscribed earlier.

Due to a postal strike in Ireland there is a backlog of mail that may take 2 or 3 weeks to clear. Early posting is therefore recommended.

Visit our Web site for more information www.sprefs.com or to download prospectus

Notes
Note 1: Although there is currently no external debt in any of the funds in the structure, the Deutsche funds are allowed to borrow as is the SPREFS fund itself. This ability is currently only used strategically rather than structurally.

Note 2: The Fund does not guarantee that at any particular time the market maker will be willing to make a market in the Shares nor does it guarantee the price at which a market will be made.

Risk Warning
Potential investors should seek the advice of their authorised financial advisor before applying for shares in the SPREFS UK Commercial Property Fund p.l.c. (the “Fund”). The value of shares and any income derived from them can go down as well as up and investors may not get back the full amount invested. No guarantees as to investment performance, in respect of either income or capital growth, are given either expressly or by implication. Past performance is not necessarily a guide to future performance and nothing in this document should be taken as expressed or implied performance forecast. Any investment decision should be made on the basis of the prospectus dated 11th February 2004 for the Fund. No shares may be repurchased within the first 12 months from the date upon which an investor is entered into the register of shareholders in respect of the relevant shares.
This document has been issued by Strutt & Parker Real Estate Financial Services Limited (“SPREFS”) which is authorised and regulated by the Financial Services Authority.
This document does not constitute an offer to sell or the solicitation of an offer to buy or sell shares in the Fund in any jurisdiction. Application has been made to the Irish Financial Services Authority for authorisation of SPREFS UK Commercial Property Fund p.l.c. as an investment company with variable capital pursuant to Part xiii of the Irish Companies Act 1990.
The Deutsche Funds, which comprise the Deutsche UK Funds Property (as defined on page 52 of the prospectus dated 11th February 2004) and The Deutsche UK Managed Fund are categorised as unregulated collective investment schemes, the promotion of which is restricted by Section 21 and 238 of the Financial Services and Markets Act 2000 of the United Kingdom (“FSMA”). The information set out herein relating to the Deutsche Funds is included solely for the purposes of allowing potential investors to assess an investment in the Fund and is not an offer or solicitation in relation to the Deutsche Funds. Deutsche Funds which are unregulated collective investment schemes whose promotion is restricted by section 238 and 240 of the Financial Services and Markets Act 2000, these funds are only intended for and directed at persons (“Relevant Persons”) having professional experience of investing in unregulated schemes, high net worth companies, partnerships, associations or trusts and personnel or any of the foregoing having professional experience of investing in unregulated schemes; and persons other than Relevant Persons should not act or rely on any such information relating to such unregulated schemes.

This document should be read in conjunction with the Prospectus relating to the Fund which is available from SPREFS Limited, 13 Hill Street, London W1J 5LQ, England.

http://www.sprefs.com/disclaimer.htm