Capital Alliance Investments lists “CAL Five Year Closed End Fund” on CSE

Friday, 21 March 2025 00:14 - - {{hitsCtrl.values.hits}}

From left: CAL Group Assistant Manager – Risk and Compliance Shekina Peiris, Capital Alliance Investments Senior Executive Shifani Ahamadeen, CEO Gayan De Silva, Vice President Cheryl Pasker, CSE CEO Designate Vindhya Jayasekera, CRO Renuke Wijayawardhane, Capital Alliance Investments Analyst Piranavi Sivaruban, and Capital Alliance Partners Assistant Manager – Investment Banking Chandula Jayasundara

The units of the “CAL Five Year Closed End Fund” were officially listed on the Colombo Stock Exchange (CSE) yesterday.

Accordingly, a total of 914,925,446 units were listed by way of an Introduction. This significant milestone was commemorated with a special Bell Ringing Ceremony.

Congratulating Capital Alliance Investments on their achievement CSE CEO Designate Vindhya Jayasekera said: “For investors, listed unit trusts offer both stability and liquidity while enabling participation in professionally managed investment strategies. The listing of units by way of introduction ensures liquidity for existing unit holders while creating opportunities for new investors to diversify their portfolios. We encourage more fund managers and financial institutions to leverage the capital market to introduce innovative investment products, as growing investor interest continues to strengthen market participation and confidence.”

Capital Alliance Investments CEO Gayan De Silva said: “We firmly believe that capital markets serve as a critical intermediary in transferring wealth across economies, a key element in driving economies towards prosperity. What sets the “CAL 5 Year Closed End Fund” apart is that its units will be traded on the stock exchange just like individual stocks, allowing investors to buy and sell units throughout trading hours, providing flexibility and accessibility.”

“The launch of this fund is more than just an addition to our product portfolio – it represents a step forward in expanding the offerings on the stock exchange and boosting market participation, which we firmly believe will aid the development of Sri Lanka’s capital market,” he added.

The “CAL Five Year Closed End Fund” is a fixed income unit trust scheme with a five-year tenure, approved by the Securities and Exchange Commission of Sri Lanka (SEC). It is designed to provide investors with capital preservation, interest income, and potential capital gains based on prevailing and expected interest rate movements. The fund was constituted through a Trust Deed dated 6 September 2024, with Hatton National Bank PLC serving as the trustee and custodian. The units of the fund are fully paid, freely transferable, and tradable on the CSE at the Net Asset Value (NAV) or at a premium/discount based on market demand.

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