Home / Offering Memorandum / FUND STRUCTURE / Share Capital

3.2. Share Capital

The authorised share capital of the Fund is EURO 2,500,000 divided into 1,000,000 Management Shares of no-par value and 1,500,000 Shares of no-par value expressed as 1,500,000 Investor Units of no-par value, issued at initial price as it is specified in each Supplement. The Fund, qualifying as a Variable Capital Investment Fund, has its share capital being always equal to its Net Asset Value. The Fund 's share capital is automatically adjusted when additional Investor Units are issued or outstanding Investor Units are redeemed and no special announcements or publicity or other publicity formalities under the Companies Law are required in relation thereto.