The Manager will be available to receive requests from institutional investors for the purchase and redemption of interests of the Fund on every business day from 8:00 am to 5:00 pm at the offices of the Manager.
The Fund Manager shall publish (or cause to be published) the share prices in a newspaper of national circulation.
Purchase of Shares
The office of the Manager shall be open from 8:00 am GMT to 5:00 pm GMT from Monday to Fridays except on weekends and statutory public holidays to receive requests for the purchase of shares. The price at which shares of the Fund shall be purchased will be at the next Net Asset Value of the Fund after the order for purchase is received in good order.
Applicants shall complete standard application forms which shall be then sent to the office of the Manager. Telephone or electronic requests must be confirmed in writing. Cheques will be cleared first before the processing of applications by the Manager.
After the subscription monies have been fully paid and the registration particulars initially submitted contract notes shall be mailed to the applicant or their appointed agent if requested at the risk of the applicant. Subsequent share purchases shall be evidenced to the applicant by subscription receipts.
Institutional investors might also prefer the investment plan that allows them transfer money on monthly basis to purchase shares in the Fund. The minimum subscription to the Regular Purchase Plan shall be GH¢10.00 and must be transferred automatically from a bank account on a monthly basis to the Manager for investment in the fund by the shareholder. The Fund may alter or terminate this arrangement at any time. Investors are to contact the Manager for further information about this service.
Redemption of Shares
Shares can be redeemed by applying in person at the offices of the Manager or in writing to Black Star Advisors Limited, P. O. Box PMB 59, Osu, Accra Ghana on every business day except on public and statutory holidays.
The Manager shall on receipt by it or by its duly authorized agent of a request from an investor to redeem all or any part of the interests comprised in the investor’s holding, proceed to do so at a price per interest as at the date of receipt of the request less any fee, levies and charges attached to the redemption.