The Fund > Options Available to Unit Holders 

Accumulation & Income Units

The units are to be subdivided into two classes to separate unit holders with a preference for annual cash dividend from those who prefer capital growth. Prospective unit holders will thus have the option, on subscription, of choosing between “Income” units and “Accumulation” units. Dividend declared at the end of the year will be distributed to “income” unit holders in cash (dividend warrants), while “Accumulation” unit holders will have their dividends automatically reinvested and their accounts credited with the equivalent number of units. Subsequently, certificates representing the appropriate number of units will be issued to them in lieu of dividend warrants.

Term Assurance Policy

An optional Extra Term Life Assurance Cover is available to Unit holders. The Policy entitles the unit holder to the bid value of his/her holdings at the time of death plus 50% thereof, provided that at the time of subscribing, he/she is not less than 18 years and not more than 50 years, and at any subsequent renewal, not more than 64 years. The policy terminates on the unit holder’s 65th birthday. The annual premium is 0.75% of the value of the units held. The first premium is payable on application by the unit holder while subsequent premiums shall be deducted from his/her annual dividend..