Karachi, July 01, 2013 (PPI-OT): This is with reference to our earlier letter no. FCIL/CS/05/13 dated 06 May 2013 in respect of intimation of approval of SECP on conversion of First Capital Mutual Fund Limited (“FCMF” or “the Fund”) in to an open end scheme.
It is hereby informed that the Company is in process of completing the formalities and conditions set in approval letter issued from SECP for conversion of the fund, including approval of SECP on constitutive documents of FCMF under trust structure and appointment of Trustee.
Since the original effective date of conversion of 01 July 2013 is lapsed, therefore we have written to SECP on the revised way forward to complete the conversion. As soon as a response from SECP is received, we shall intimate you the way forward on the matter of conversion of fund.
You may please inform the members of the Exchange accordingly.
For more information, contact:
Shahzad Jawahar
Chief Executive/Director
First Capital Investments Limited
Head Office: 2nd and 3rd Floor,
Pace Mall, Fortress Stadium,
Lahore, Pakistan
Tel: +92-42-36623005-6-8,
Fax: +92-42- 36623121-22,
Web: www.fcit.com.pk