INDIVIDUAL INVESTORS. ¨ Any natural person whose net worth, or joint net worth with that person’s spouse, at the time of the purchase exceeds US$1,000,000, excluding the value of the primary residence of such natural person or persons. ¨ Any natural person who had an individual income in excess of US$200,000 in each of the two most recent years or joint income with that person’s spouse in excess of US$300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year. ¨ Any executive officer or director of the Company.
INDIVIDUAL INVESTORS. A UK resident individual who receives, or is deemed to receive, a relevant income distribution (including any “excess income”) in respect of any share class of a Fund may be subject to UK tax on the actual or deemed distribution. From April 2016 UK resident and domiciled investors will not have to pay tax on the first £5,000 of dividend income, regardless of the quantum of non-dividend income received. However tax will be levied on any dividends received over £5,000 at 7.5% on dividend income within the basic rate band, 32.5% on dividend income within the higher rate band and 38.1% on dividend income within the additional rate band. Dividends and other income distributions paid or deemed to be paid to UK resident individual shareholders in respect of Shares in the Fund which are deemed to be ‘bond funds’ may be taxed as ‘interest’ as opposed to ‘dividends’ under Chapter 2 of Part 4 of the Income Tax (Trading and Other Income) Xxx 0000 (ITTOIA 2005) and the Dividend Allowance would not be relevant. In such cases, where the interest distribution represents taxable income, the applicable rates of tax for individuals would be 20% for basic rate taxpayers, 40% for higher rate taxpayers and 45% for additional rate taxpayers.
INDIVIDUAL INVESTORS. You must initial here ( ) if you do not meet any of the “New Issue Restricted Person” criteria in Appendix A. If you do not wish to participate in the Fund’s investments in these types of securities, please initial here ( ).