The units of the ‘CAL Five Year Closed End Fund’ were officially listed on the Colombo Stock Exchange (CSE) on March 20. Accordingly, 914,925,446 units were listed by way of an introduction. The milestone was commemorated with a Bell Ringing ceremony.
The CSE was represented at the event by CEO Designate Ms. Vindhya Jayasekera, CRO Renuke Wijayawardhane and the CSE senior management.
CSE CEO Designate Jayasekera said, “For investors, listed unit trusts offer stability and liquidity while enabling participation in professionally managed investment strategies.”
CEO of Capital Alliance Investments Limited, Gayan De Silva, said, “We firmly believe that capital markets serve as a critical intermediary in transferring wealth across economies, a key element in driving economies towards prosperity. What sets the ‘CAL five-year Closed End Fund’ apart is that its units will be traded on the stock exchange like individual stocks, allowing investors to buy and sell units throughout trading hours, providing flexibility and accessibility.”
The ‘CAL Five Year Closed End Fund’ is a fixed income unit trust scheme with a five-year tenure, approved by the Securities and Exchange Commission of Sri Lanka (SEC). It is designed to provide investors with capital preservation, interest income, and potential capital gains based on prevailing and expected interest rate movements.
The fund was constituted through a Trust Deed dated September 6, 2024, with Hatton National Bank PLC serving as the trustee and custodian. The units of the fund are fully paid, freely transferable, and tradable on the CSE at the Net Asset Value (NAV) or at a premium/discount based on market demand.
