Open ended fund
USD 500,000 or its equivalent in CHF . Additional Subscriptions: CHF 50,000
UCAP Bahamas Limited
The Winterbotham Trust Company Limited
Primary Listing on BISX
The last business day of every calendar month
1,500,000 non-voting, redeemable, participating shares of CHF 0.01 par value
The Investment Objective of the Company is to seek long term capital appreciation, through investments made by the Company primarily in loans to Cirdore Trading S.A. (“Cirdore”), a company incorporated in Uruguay that purchases consumer credits from microfinance companies. It is anticipated that all or a large percentage of the credits will be purchased by Cirdore from Microfinanzas de Uruguay S.A. (“Microfin”), a company located in Montevideo, Uruguay and licensed by the Central Bank of Uruguay as a Credit Administrator. The Fund shall not purchase credits directly or have any sort of claim on credits. The Fund shall grant loans to Cirdore, that shall in turn invest the loan proceeds in the purchases of credits from Microfin.