For Immediate Release
Nairobi, Kenya Monday 18th March 2024:
In light of the judgment released by the Capital Markets Tribunal on Appeal No. 4 of 2022 between Cytonn Asset Managers Limited (CAML) and the Capital Markets Authority (CAM) on 13th March 2024, we want to clarify that this judgment does not affect the investments made by our clients.
The Tribunal's ruling primarily focused on procedural and regulatory matters between CAML and the CMA. It does not undermine the integrity or safety of the funds managed by CAML. The case stemmed from an application made by CAML to extend the compliance period for two funds, the Cytonn Money Market Fund and the Cytonn High Yield Fund.
CAML acknowledges the regulatory framework set forth by the Capital Markets Authority and has been actively working to ensure compliance with all regulations. Any issues highlighted in the judgment are being addressed promptly and transparently.
Despite challenges posed by external factors such as regulatory communications and approval processes, CAML remains steadfast in its commitment to safeguarding the interests of our investors. We have taken proactive measures to enhance transparency, improve communication, and ensure that our investment offerings continue to meet the highest standards of integrity and compliance.
We want to reassure all our investors that their investments with CAML are secure, and we remain dedicated to delivering optimal returns while upholding the highest standards of professionalism and regulatory compliance.
Cytonn Money Market Fund currently offers a yield of 17.03% p.a. To invest, dial *809# or download the Cytonn App from Google Play store here or from the Appstore here.
For further inquiries or clarification, please contact clientservices@cytonn.com.
