CCR News March 2020 | Page 8
Continued from page 7
1HZ%XVLQHVV
3URSRVHG5XOH)LUVW5HDGLQJ
x %5RJHUUHDGWKHPRWLRQIRUUXOHFKDQJH
x 0RWLRQWRDSSURYH5XOHDVIROORZV1RDOFRKROLFEHYHUDJHVVKDOOEHFRQVXPHGLQWKH5DQFK
+RXVHORZHUOHYHOH[FHSWZKHQSULRUDSSURYDOZDVREWDLQHGE\0DQDJHPHQW
0RWLRQE\0$PHVVHFRQGHGE\9.DV]RQ\LWRDSSURYHWKHODQJXDJHRI5XOHDVUHDG
$SSURYHGXQDQLPRXVO\
x DVIROORZV$OODOFRKROLFEHYHUDJHVFRQVXPHGRQWKH5DQFK+RXVHPDLQOHYHOQRW
LQFOXGLQJWKHRYHUQLJKWURRPVPXVWEHSXUFKDVHGIURP&&5ZLWKWKHH[FHSWLRQRIXQFRUNHGZLQH
EURXJKWLQWRWKHOLFHQVHGDUHDLQZKLFKDFRUNDJHIHHLVUHTXLUHG
0RWLRQE\0$PHVVHFRQGHGE\06PLWKWRDSSURYHWKHODQJXDJHRI5XOHDVUHDG
$SSURYHGXQDQLPRXVO\
x DVIROORZV$OODOFRKROLFEHYHUDJHVSXUFKDVHGDQGRSHQHGZLWKLQWKHOLFHQVHGDUHDPD\QRW
EHUHPRYHGIURPWKHOLFHQVHGDUHDZLWKWKHH[FHSWLRQRIUHFRUNHGZLQH
0RWLRQE\06PLWKVHFRQGHGE\D/LIVH\WRDSSURYHWKHODQJXDJHRI5XOHDVUHDG
$SSURYHGXQDQLPRXVO\
3URSRVHG3ROLF\ 3URFHGXUH)LUVW5HDGLQJ
x 3URSRVHG3ROLF\ 3URFHGXUH)LUVW5HDGLQJ
R%5RJHUVUHDGWKHPRWLRQIRUSROLF\FKDQJH³([SHQVH5HLPEXUVHPHQW´06PLWKDVNHG
IRUWKHZRUGHPSOR\HHWREHFKDQJHGWRLQGLYLGXDO
0RWLRQE\9.DV]RQ\LVHFRQGHGE\0$PHVWRDSSURYHSROLF\FKDQJH³([SHQVH
5HLPEXUVHPHQW´ZLWKHPSOR\HHEHLQJFKDQJHGWRLQGLYLGXDO$SSURYHGXQDQLPRXVO\
3URSRVHG3ROLF\ 3URFHGXUH)LUVW5HDGLQJ
x %5RJHUVUHDGWKHPRWLRQWRDPHQG3ROLF\DQG3URFHGXUH2SHUDWLQJ)XQG,QYHVWPHQW3ROLFLHV
2SHUDWLQJ3URFHGXUHVWR)LIWHHQSHUFHQWRIWKHSUHYLRXV\HDU¶VJURVVUHYHQXHIURPDOOXVHU
EDVHGVHUYLFHVRUUHQWDOVVKDOOEHWUDQVIHUUHGIURPWKH2SHUDWLQJ)XQGWRWKH&DSLWDO)XQGWREHXVHGDV
GHVFULEHGLQ$UWLFOH,96HFWLRQRIWKH&&5%\/DZV&&5VKDOOPDLQWDLQLGHQWLILDEOHUHFRUGVIRU
HDFKVHUYLFHRUDPHQLW\
V&DSLWDO)XQGUHYHQXHVDQGH[SHQVHV
0RWLRQE\0$PHVVHFRQGHGE\9.DV]RQ\LWRDSSURYHSROLF\FKDQJHDVUHDG$SSURYHG
XQDQLPRXVO\
&DSLWDO$VVHW5HVHUYH6WXG\
x %5RJHUVSUHVHQWHG&DSLWDO$VVHWUHVHUYHVWXG\ELGVIURPWKUHHUHSXWDEOHFRPSDQLHV7KHODVW
5HVHUYHVWXG\ZDVGRQHLQ%5RJHUVDVNHGIRUDPRWLRQWRDFFHSWWKHELGIURP5HVHUYH$GYLVRU
LQWKHDPRXQWRIDVWKH\DUHWKHFRPSDQ\WKDWVXSSOLHGRXWODVWVWXG\
0RWLRQE\16FKXO]VHFRQGHGE\0$PHVWRDFFHSWWKHELGIURP5HVHUYH$GYLVRUVLQWKHDPRXQW
RI$SSURYHGXQDQLPRXVO\
5DWH&KDQJHVIRU)LVKLQJ5DQJH +XQWLQJ%DGJHV
x %5RJHUVZHQWRYHUWKHUDWHFKDQJHVIRUILVKLQJUDQJH KXQWLQJEDGJHVZKLFKZLOOEHHDUPDUNHG
IRULWVDUHDLH)LVKLQJVPDOOJDPHEDGJHZLOOEHHDUPDUNHGIRUILVKERDWVGRFNVHWFWKH\DUHDV
IROORZV
R$QQXDO$OO6SRUWV%DGJH
R$QQXDO)LVKLQJ6PDOO*DPH
R$QQXDO'HHU+XQWLQJ%DGJH
R$QQXDO5DQJH%DGJH
,I\RXEX\DOOWKUHHWKHUHLVDVDYLQJV,I\RXFKRRVHWREX\WKHPVHSDUDWHO\WKH\ZLOOEH
HDFK
8
Continued on page 9