Octaviar Cash Enhanced Fund
IMPORTANT NOTICE - PLEASE READ IMMEDIATELY
27 March 2008
MFS CASH ENHANCED FUND ( now Octaviar Cash Enhanced Fund )
NOTICE OF INTENTION TO WIND UP SCHEME
Please click the link below to download the Notice of Intention.
CEF Notice of Intention to wind up the scheme (pdf 113kb)
Dear Investor,
On behalf of MFS Investment Management Limited ( now Octaviar Investment Management ), the Responsible Entity of the MFS Cash Enhanced Fund ("the Fund"), we write to notify you of the opinion that the purpose of the Fund cannot be accomplished and of our intention to wind up the Fund.
Due to lack of critical mass in Funds invested and the withdrawal of major investments in this Fund it is unlikely that this Fund will be sustainable. It is on this basis that MFS Investment Management seeks your approval to wind up the Fund.
We enclose for your consideration a Notice of Intention to Wind Up the Fund which also outlines your rights to call a Member's Meeting under section 601NC(2) of the Corporations Act.
We propose to contact you shortly to update you on the proposal and provide additional information, however in the meantime should you have any questions at this time, please contact client services on 131 637 or email: mail@octaviar.com.au.
Yours sincerely
MFS INVESTMENT MANAGEMENT LIMITED ( now Octaviar Investment Management Limited )
Performance History since inception*
| 2007 | Retail Units | Wholesale Units |
|---|---|---|
| March | 6.30% | 6.55% |
| April | 6.25% | 6.50% |
| May | 6.25% | 6.50% |
| June | 6.25% | 6.50% |
| July | 6.25% | 6.50% |
| August | 6.45% | 6.65% |
| September | 6.50% | 6.65% |
| October | 6.50% | 6.60% |
| November | 6.75% | 6.75% |
| December | 6.80% | 6.80% |
| 2008 | Retail Units | Wholesale Units |
|---|---|---|
| January | 6.70% | 6.70% |
* Past performance is not a reliable indicator of future performance. Returns are annualised. Octaviar Investment Management Limited does not guarantee any particular return. Octaviar emphasises that investment returns are distributions from the Fund, not interest rates.
This information has been prepared without taking into account your objectives, financial situation or needs. All investments involve risk.
Octaviar Investment Management (ABN 20 101 634 146) is the Responsible Entity and issuer of Units in the Octaviar Cash Enhanced Fund (ARSN 118 285 760) and holds AFSL No 246553. Octaviar Investment Management is a subsidiary of Octaviar Limited (ABN 90 107 863 436) and information about its remuneration can be found in the PDS.