Product Disclosure Statement reissued

Product Disclosure Statement reissued

01 Jan, 2017 in Investor Info by

Paragon has issued a new PDS for Paragon Australian Long Short Fund, dated 1 January 2017, replacing the previous PDS dated 27 April 2015.

Changes in the PDS have been made to ensure the full offer document is up to date, and more specifically to cover off the changes to the Fund as announced on the 2nd December 2016:

  1. Change to Daily Unit pricing and applications/withdrawals from 1st January 2017, along with further details on the eventual cessation of series based units. Refer to sections 1, 6 and 8;
  2. Reduction in capped expenses recovery fee from 0.5% to 0.25% p.a. Refer to sections 1 and 7; and
  3. Taxation disclosures updated for the adoption of AMIT regime. Refer to section 8.

In addition, Fees disclosures in section 7 have been revised for the requirements of ASIC Class Order 14/1252 detailed in RG 97 Disclosing fees and costs in PDSs and periodic statements (reissued November 2015). (Previously covered off by Paragon as an update on our website in January 2016).