RT Briscoe Nigeria Plc has launched it’s first-ever fund, the “R.T. Briscoe Savings and Investment Fund”, following approval from the Securities and Exchange Commission (SEC).
This milestone marks a significant step in RT Briscoe’s commitment to providing innovative opportunities to its existing and potential shareholders to invest in the Company.
This approach ensures that investors can own a stake in R.T. Briscoe Nigeria PLC with very little initial capital, making it accessible to a broader range of investors and democratizing investment opportunities within the company.
The R.T. Briscoe Savings and Investment Fund is an open-ended money market fund designed to offer unit holders a steady stream of income and capital preservation.
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By investing in a diversified portfolio of high-quality money market instruments, the fund ensures low risk and competitive returns.
The primary objective is to earn a steady income and preserve capital, catering to both individual and institutional investors.
The fund is professionally managed by DLM Asset Management Limited who recently won the best Asset Management Company of the year at the African Industrial and Development Conference and Awards.
This accolade underscores their commitment to ensuring expert oversight and strategic investment decisions. First City Monument Bank Limited serves as the custodian, while UTL Trust Management Services acts as the trustee, providing additional security and transparency.
With a minimum subscription of 10 units at N1, 000 per unit, the fund is accessible with a minimum investment of N10, 000. The fund comprises 1,000,000 units available for subscription, providing many opportunities for investors.
Additionally, the fund offers liquidity, allowing easy access to investments and the option to convert holdings into equity ownership in R.T. Briscoe Nigeria PLC.
Seyi Onajide, Group Managing Director and Chief Executive of RT Briscoe Nigeria Plc, expressed his enthusiasm about the launch: “We are thrilled to introduce the R.T. Briscoe Savings and Investment Fund, demonstrating our dedication to providing reliable and accessible investment opportunities that empower investors to achieve their financial goals.
