Ascenta Special Situations Resource Fund - FAQ

Q:    What are the symbols for the Ascenta Special Situations Resource Fund?

A:    The symbols for the Special Situations Resource Fund are as follows:

Q: Who is the Investment Advisor to the Ascenta Special Situations Resource Fund?

A: Ascenta Asset Management Ltd.

Q: Who is the Manager of the Ascenta Special Situations Resource Fund?

A: Lancelot Management Inc.

Q: Who regulates the Ascenta Special Situations Resource Fund?

A: The Guernsey Financial Services Commission (GFSC).

Q: Who is the Custodian of the Ascenta Special Situations Resource Fund?

A: Deutsche Bank

Q: What is the minimum initial investment in the Ascenta Special Situations Resource Fund?

A: There is a minimum US$10,000 (or currency equivalent) investment required, with subsequent minimum investments of US$5,000. The Fund is available in US Dollars (US$), Euros, Sterling (GBP) or Canadian Dollars (CAD).

Q: Which international insurance companies accept Ascenta Special Situations Resource Fund as a suitable link for their Portfolio Bonds?

A: Generali International, Friends Provident International, Royal Skandia,  Hansard International, Royal London 360, Scottish Equitable International and Victory Life. 

Q: What restrictions are in place for the Ascenta Special Situations Resource Fund?

A: The fund has a number of restrictions in place to help maintain a balanced portfolio. These include ensuring that no more than 10% of the Fund's holdings are invested in one company and that, at a minimum, 70% of the Fund's portfolio is trading on North American or European exchanges. 

Q: What is the anticipated size of the Ascenta Special Situations Resource Fund?

A: The Fund is open ended and has no planned end date.

Q: How frequent is the pricing and what is the liquidity of The Special Situations Resource Fund?

A: The fund is opened ended and is weekly priced. The fund has weekly liquidity.

Q: What is the legal structure of The Special Situations Resource Fund?

A: Guernsey (CI) regulated Incorporated Cell Company (ICC)