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CIU-4.1.3

The operator of Bahrain domiciled CIUs must provide the following information to the CIU participants, following receipt of written approval from the CBB referred to in Paragraph CIU-4.1.1, and at least thirty days before the last date for requesting repurchase or redemption or conversion without additional charge:

(a) Identification of the type of merger and of the CIUs involved;
(b) The background to and rationale for the proposed merger;
(c) The expected impact of the proposed merger on the CIU participants of both CIUs including but not limited to any material differences in respect of investment policy and strategy, costs, expected outcome, periodic reporting, possible dilution in performance, and, where relevant, changes in tax treatment following the merger;
(d) Any specific rights CIU participants have in relation to the proposed merger, including the right to obtain additional information, the right to obtain or request a copy of the report of the external auditor, the independent valuer or the custodian where relevant, and the right to request the repurchase or redemption or the conversion of their units without charge;
(e) The criteria adopted for valuation of the assets and, where applicable, the liabilities on the date for calculating the exchange ratio of units of the merging CIU into units of the receiving CIU for determining the relevant net asset value;
(f) The calculation method of the exchange ratio;
(g) The cash payment per unit (where applicable);
(h) The planned effective date of the merger; and
(i) The rules applicable, respectively, to the transfer of assets and the exchange of units.
Added: April 2022