FCT PriDe fund (Compartment PriDe FCT IV): 02 December 2024

The purpose of the FCT is to purchase or subscribe to, as the case may be, either on the primary market or on the secondary market, on a regular basis, a diversified portfolio of receivables comprising a pool of subordinated and/or senior debt securities or any similar debt instruments issued by insurance companies, mutual insurance companies, disability institutions, reinsurance companies, corporate entities at Lloyds, pension funds and any entities similar to, or any holding companies of, the abovementioned entities located in Qualifying Countries during the Investment Period, and to issue debt securities which will amortise during the Amortisation Period.

The Compartment's investment strategy is to buy and hold the Receivables which can only be sold (i) subject to certain conditions set out in the Compartment Regulations in order to comply with the selection criteria of such underlying assets or (ii) following the occurrence of new circumstances and if such sale does not have the sole purpose of generating a capital gain.