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UMANDE UNIT TRUST LAUNCHED

UMANDE UNIT TRSUT LAUNCHED

It was a great evening at the Southen Sun Hotel when the Umande Unit Trust was launched. This is the latest of the collective investment schemes approved by CMSA to enter Tanzani's capital markets.

The CIS has been sponsored by CORE Capital Limited, a subsidiary of CORE Securities Limited, as the Fund Manager and Stanbic Tanzania Limited as Truste and Custodian. It has the following characteristics:

IPO OPEN  - MONDAY 1 JUNE 2015

IPO CLOSES - FRIDAY 24 JULY 2015

EXPECTED FIRST DEALING DATE: MONDAY 27JULY 2015

There are 3 funds on offer:

UMANDE CAPITALISATION FUND: 100 MILLION UNITS @ TZS 100/= EACH

UMANDE INCOME FUND: 150 MILLION UNITS OF TZS 100/= EACH

UMANDE BALANCED FUND: 200 MILLION UNITS OF TZS 100/= EACH

Attached is the approved Offer Document and an Executive Sensitisation Document.

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