17 April 2015
Cromwell Funds Management Limited (CFM) is the Responsible Entity (RE) of the Cromwell Phoenix Opportunities Fund (the Fund).
Under the Fund’s Constitution, CFM as the RE of the Fund is entitled to a Management Fee of 1% per annum of the total gross value of all Trust Property. CFM had elected to waive that Management Fee.
CFM has resolved to modify the Fund’s Constitution so that CFM is not entitled to a Management Fee.
CFM has notified the Australian Securities & Investments Commission of this change to the Fund’s Constitution.