Luxembourg Regulated Investment Vehicles - Alfi

Shareholding10Issue of shares / unitsPart I Fund (UCITS)FCPUnits must be issued at the NAV price.Such price may be increased by expensesand commissions.Existing unitholders do not have apre-emption right when new units areissued, unless specifically provided for inthe Management Regulations.Part II Fund (UCI)FCPUnits must be issued at the NAV price.Such price may be increased by expensesand commissions.Existing unitholders do not havea pre-emption right when new units areissued, unless specifically provided for inthe Management Regulations.SICAVThe issue of shares does not require anamendment of the Articles.Shares must be issued at the NAV price.Such price may be increased by expensesand commissions.Existing shareholders do not have apre-emption right when new shares areissued, unless specifically provided for inthe Articles.SICAVThe issue of shares does not require anamendment of the Articles.Shares must be issued at the NAV price.Such price may be increased by expensesand commissions.Existing shareholders do not havea pre-emption right when new shares areissued, unless specifically provided for inthe Articles.SICAFThe issue of shares requires an amendmentof the Articles.The share price will be determined based onthe principles laid down in the Articles.When the SICAF is organized as a SAor SCA, existing shareholders have apre-emption right when new shares areissued, unless this right was waived by theShareholders’ Meeting.SICAFThe issue of shares requires an amendmentof the Articles.The share price will be determined based onthe principles laid down in the Articles.When the SICAF is organized as a SAor SCA, existing shareholders have apre-emption right when new shares areissued, unless this right was waived by theShareholders’ Meeting.Distribution of dividendsThe distribution of dividends must beforeseen in the prospectus of the fund.For SICAV and FCP, distributions (interimor final) can be made irrespective of therealized results within the period, tothe extent the minimum share capital ismaintained.For SICAF, final dividend distributionsmay not result in a decrease in assets toan amount less than one-and-a- half timesthe fund’s total liabilities to its creditors.Interim dividend distributions are subject tostatutory requirements per Article 72-2 ofthe Commercial Law.The distribution of dividends must beforeseen in the prospectus of the fund.For SICAV and FCP, distributions (interimor final) can be made irrespective of therealized results within the period, tothe extent the minimum share capital ismaintained.For SICAF, final dividend distributionsmay not result in a decrease in assets to anamount less than one-and-a- half times thefund’s total liabilities to its creditors.Interim dividend distributions are subject tostatutory requirements per Article 72-2 ofthe Commercial Law.