VT Garraway Absolute Equity Fund - Lifting the suspension of dealing

1 April 2019

VT Garraway Absolute Equity Fund (the Fund) - Amended and re-stated 2 April 2019

As you may be aware, David Crawford and Ade Roberts have joined Garraway Capital Management LLP (Garraway) as the Fund’s managers; Garraway has replaced City Financial as investment manager of the Fund (formerly City Financial Absolute Equity Fund). Garraway offers its fund managers a distribution network as well as the regulatory and support infrastructure they need without requiring them to compromise on investment policy or style.  Valu-Trac Administration Services (Valu-Trac) has become the Authorised Corporate Director of the Fund.
As you will be aware, the former ACD concluded that investors would be best served by suspending subscriptions and redemptions in the Fund.  Garraway and Valu-Trac have been working hard in order to lift the suspension as soon as possible.
The suspension of dealing in shares in the Fund is being lifted with effect from 12 noon on 2 April 2019.
In order to protect the remaining shareholders from the dealing cost associated with meeting redemptions, all redemptions will incur a dilution levy until further notice.  This levy is paid back into the Fund.

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