The Castleton Growth Fund


It is with great regret that we have to announce the closure of The Castleton Growth Fund. This has been brought about by the diminishing size of the Fund, which has rendered it uneconomic. The small size of the Fund means that the costs for running the Fund could have a disproportionate effect on returns and to avoid this, we have for a time subsidised these costs in order to avoid this effect to its investors. However, our attempts to attract new monies and grow the Fund have not been successful and accordingly we are drawn to the inevitable conclusion that it is in the best interests of all that the Fund is wound up.

On the 10th February 2016, Capita Financial Managers Limited (“CFML”) as the authorised corporate director (ACD) received approval from the Financial Conduct Authority to commence the orderly wind-up of the fund. Investors will have been written to by the ACD informing them of this decision.

The final valuation point of the Fund will be 17 March 2016 (the “Effective Date”). You may redeem your holding at any time prior to this date. After this date, any remaining holding will be sold and the proceeds forwarded to you.

IF YOU ARE AN ISA HOLDER YOU NOW NEED TO TAKE URGENT ACTION REGARDING YOUR ISA IN ORDER TO PRESERVE ITS TAX EFFICIENT STATUS.

For further information on this change please contact Capita Customer Services Centre on 0345 922 0044 between 8.30am and 5.30pm (Monday to Friday) or alternatively e-mail investorservices@capita.co.uk

We have reached this decision with extreme regret and we would like to thank all investors, both past and present for supporting us.