CHYF Terms & Conditions
- Units are traded at the daily ruling prices and will be repurchased by Cytonn Asset Managers Limited in accordance with the Capital Markets (Collective Investment Schemes) Regulations, 2001 and on terms and conditions set out in the relevant Trust Deed.
- Unit prices may go up as well as down.
- Completed application forms and notification of deposits/cleared funds must be received for the investment to be executed. Subscriptions monies in cleared funds received will be dealt with on the next Dealing Day.
- The investor and/or his/her financial advisor shall at all times be responsible for ensuring that the unit trust and its representatives receive any instructions from the investor and/or financial advisor, whether by email, online instructions, hard copy delivery to any of our o‑ces or post, and that such instructions are complete and correct in all respects.
- Investors are reminded that in certain specified circumstances their right to redeem their units may be suspended.
- No third-party cheques are allowed. Payments made by a third party on behalf of an investor will need to be supported by further documentation.
- Once an account has been opened, a business confirmation for funds received shall be sent and further, a statement of investment will be sent by post or e-mail to the investor on a monthly basis.
- All transaction charges and accrued liabilities for running the Fund shall be borne by the Fund and not the Fund Manager.
- This Application Form is entered subject to the terms and conditions of the Cytonn High Yield Fund Trust Deed and Rules and as may be amended and restated from time to time.
- A Unit Holder CHYF can either be a natural person of over eighteen (18) years or an Institutional Investor (i.e. companies, trusts, SACCOs and Welfare groups’, retirement benefits schemes etc)
- Any Unit Holder may redeem their units after the expiry of the holding period, which period is three (3) months after the date of investing in the Cytonn High Yield Fund and after receipt of a Business Confirmation as outlined in condition 7.
- DATA PROTECTION
- The information provided in this agreement may be used for:
- The processing of the investment(s) as per this agreement; and
- Provision of client updates and informational material produced by Cytonn Asset Managers including but not limited to the weekly, monthly, quarterly and annual magazines and reports.
- Your personal data provided herein shall be stored in line with international best practice, shall be encrypted and the security systems shall be reviewed periodically.
- You have the right to request the access, rectification and/or deletion of any of your personal data, provided herein to the extent that the same is not in violation of any written law or regulation. You may also report any unsatisfactory handling of your data for remedial actions to be taken.
- The personal data shall be stored for as long as reasonably required for legal or business purposes, after which it shall be securely deleted or destroyed. The storage of this data may for its protection, be stored in another country outside Cytonn’s operations and Cytonn Asset Managers Limited shall take the necessary steps to ensure its continued protection
- Any person that has provided any personal data pursuant to this agreement may withdraw their consent to use the data provided herein at any time by informing Cytonn Asset Managers Limited of the same.
