Ann: Change in Ownership of Responsible Entity , page-2

re: Ann: Change in Ownership of Responsible E... Please note that there has been no change in the investment manager, only in the ownership of the responsible entity. This separates the compliance and corporate governance platform for the manager (across all ReCap funds including RCU)and allows ReCap to focus on the investment management and outsource the RE function to a large specialist in Trust Company Limited.