11 SEPTEMBER 2002

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VFM adds Distribution Class of Shares to la Valette Malta Bond Fund

The positive performance and shareholder feedback on the La Valette Malta Bond Fund has prompted Valletta Fund Management to launch a distribution class within the La Valette Malta Bond Fund, VFM announced yesterday.

As such, the La Valette Malta Bond Fund now has available two classes of shares, the accumulation class and the newly launched distribution class.

Since its launch in April 1997 up to the 30 August 2002, the La Valette Malta Bond Fund has appreciated in value by an enormous 45.37 per cent, which reflects an annualised return of 7.26% per annum.

The new distribution class of shares is aimed at those investors seeking a relatively stable and regular stream of income from a portfolio of local government and corporate bonds. Distributions will be paid every six months by not later than the end of May and end of November each year*.

Shareholders within the accumulation class of the La Valette Malta Bond Fund may, if they so wish, switch their investment from the accumulation class to the distribution class at no cost.

Additional information and a prospectus about the distribution class of shares may be obtained from any branch of Bank of Valletta in Malta and Gozo, any authorised financial intermediary or from Valletta Fund Management.

Past Performance is not necessarily a guide to the future and the value of the investment can go down as well as up. Investments should be made on the full details contained in the prospectus. Valletta Fund Management Limited, a joint venture between Bank of Valletta plc and Rothschild Asset Management Limited, is licensed to conduct investment services business for collective investment schemes by the MFSC. La Valette Funds SICAV p.l.c. is a collective investment scheme licensed by the MFSC. La Valette Malta Bond Fund is licensed by the MFSC. Valletta Fund Management Limited, Level 6, The Mall Offices, The Mall, Floriana VLT 16, Malta.

*Income is not guaranteed.

 



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Editor: Saviour Balzan
The Business Times, Network House, Vjal ir-Rihan San Gwann SGN 07, Malta
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