Disclaimer

Nothing in this website, presentation or document constitutes investment, tax, legal or other advice. Investors should only make investment decisions after careful consideration of the risks and where necessary should obtain their own investment, tax or legal advice beforehand.

This website nor any presentation or document constitutes an offer to sell to, or a solicitation of an offer to subscribe from, anyone in any country or jurisdiction or in any circumstances where such offer or solicitation would be unlawful. Units may not be offered or sold, directly or indirectly, and no information or document may be distributed or published in any country or jurisdiction except under circumstances that will result in compliance with any applicable laws and regulations. Investors must inform themselves about and observe any legal restrictions affecting any subscription of Units in the Fund. The Fund is not making any representation or warranty to any prospective investor regarding the legality of an investment in the Fund by such person under appropriate securities or similar laws.

Where funds are invested in property, investors may not be able to realise their investment when they want. Whilst property valuation is conducted by an independent expert, any such valuation is a matter of the valuer’s opinion. Property funds invest in a specialist sector, which may be less liquid and produce more volatile performance than an investment in broader investment sectors.

The value of units in the Trust and the income from them may go down as well as up and investors may not get back their initial investment. Past performance is no guide to future performance.

The Trust is a collective investment scheme pursuant to section 235 of the Financial Services and Markets Act 2000 (“FSMA”). It has not been authorised, or otherwise recognised or approved, by the United Kingdom’s Financial Conduct Authority and, as an unregulated collective investment scheme, it cannot be promoted in the United Kingdom to the general public.

The communication of this website is exempt from the general restriction in section 21 and section 238 of FSMA which prohibits the communication of an invitation or inducement to engage in investment activity or invest in a collective investment scheme, respectively, on the grounds that its communication is directed at, and Units in the Trust are available only to, persons in the United Kingdom within the exemptions listed below:

(a) persons falling within any of the categories of “Investment Professionals” as defined in article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Financial Promotion Order”) where the person communication the promotion is not an authorised person under FSMA, or article 14 of the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001 (the “CIS Order”) where the communicator is an authorised person;

(b) persons falling within any of the categories of high net worth companies and unincorporated associations described in article 49 (2) of the Financial Promotion Order or article 22 of the CIS Order, as applicable; and

(such persons together referred to as “relevant persons”).

If you are not a relevant person you should not act on or rely upon this website, document, presentation or any other marketing materials relating to the Trust. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons.

Potential investors in the United Kingdom are advised that all, or most of, the protections afforded by the United Kingdom regulatory system will not apply to an investment in the Trust and that the compensation will not be available under the United Kingdom Financial Services Compensation Scheme.

This document is confidential and may not be reproduced in any form without the express permission of Eskmuir FM Ltd.