Pami Global Bond Fund, Inc.
SEC-CGFD Notice • Securities and Exchange Commission Departments • Corporate Governance and Finance Department (CGFD) • Jun 5, 2015
Full text
June 5, 2015 CORPORATE GOVERNANCE AND FINANCE DEPARTMENT PAMI GLOBAL BOND FUND, INC., registrant. AMENDED REGISTRATION STATEMENT NOTICE Notice is hereby given that on June 5, 2015 an Amended Registration Statement was filed with the Securities and Exchange Commission on behalf of PAMI GLOBAL BOND FUND, INC. to reflect the following amendments to its Registration Statement: TAIaHE Subject Original Provision Proposed Amendments Reason/s Eligible Investments/ The fund may invest in the following instruments: The fund may invest in the following instruments: Portfolio Mix a. Debt securities issued by sovereign 1. Debt securities issued by sovereign To give the Fund Manager flexibility to nations with a credit rating not lower than nations with a credit rating not lower than address current and future market the Philippines' credit rating and high grade the Philippines' credit rating and high grade conditions. corporations (at least a rating of BBB- or corporations (at least a rating of BBB- or equivalent as rated by reputable rating equivalent as rated by reputable rating agencies) denominated in US Dollar and agencies) denominated in US Dollar and other major currencies which could be other major currencies which could be settled thru international clearing houses settled thru international clearing houses such as but not limited to Clearstream, such as but not limited to Clearstream, EuroClear, U.S. Fedwire. EuroClear, U.S. Fedwire. Prescribed country allocation is as follows: Deletion of the prescribed country allocations. USA 27% UK 6% Sweden 2% Japan 16% Canada 2% Denmark 1% Poland 1% Eurozone 41% Norway 2% Australia 2% Benchmark Citigroup World Broad Investment Grade For deletion To be deleted because Benchmark (ex-MBS) Bond Index unhedged in US dollars can change depending on market (Citi WBIG ex-MBS in USD will be the conditions. This will be deleted in the benchmark against which the performance Prospectus but current benchmarks of the Fund will be measured. The Fund used will still be reflected in the Fund Manager will inform the Fund's shareholders Fact Sheets that are posted in the of the composition of this index. However, PAMI website. the portfolio make up of the Fund may be different from that of the selected index at the option of the Fund Manager. Investment 7. The maximum investment of the Fund in 7. The maximum investment of the Fund in To update some of the Investment Restrictions any single enterprise shall not exceed any single enterprise shall not exceed Restrictions pursuant to recent SEC an amount equivalent to ten percent an amount equivalent to fifteen percent regulations, particularly on the (10%) of the Fund's net asset value (15%) of the Fund's net asset value maximum allowable investment except. . . except. . . per single enterprise and the liquidity requirement. 8. For liquidity purposes, unless otherwise 8. For liquidity purposes, unless otherwise prescribed by the SEC, in case of open- prescribed by the SEC, in case of open- end at least ten percent (10%) of its fund end at least five percent (5%) of its fund shall be invested in liquid/semi-liquid shall be invested in liquid/semi-liquid assets such as. . . assets such as. . . Provided that, the open-end company fund shall submit a liquidity contingency plan to the Commission before it implements a decreased investment of less than ten percent (10%) in liquid/semi-liquid assets. Currency The proceeds from the sale of Fund shares The proceeds from the sale of Fund shares To give the Fund Manager more will be invested in the following instruments: will be invested in the following instruments: flexibility in terms of currency and not be required to invest in currencies other than US Dollars. Debt securities issued by sovereign nations Debt securities issued by sovereign nations with credit rating not lower than the Philippines' with credit rating not lower than the Philippines' credit rating and high grade corporations credit rating and high grade corporations (at least BBB- or equivalent as rated by (at least BBB- or equivalent as rated by reputable rating agencies) denominated reputable rating agencies) denominated in US$ and other major currencies which in US$ or other major currencies which could be settled thru international clearing could be settled thru international clearing houses such as but not limited to houses such as but not limited to Clearstream, EuroClear, US Fedwire. Clearstream, EuroClear, US Fedwire. According to the paper/documents presented, the following are the directors/officers of the Corporation: Name Age Citizenship Position Roberto F. De Ocampo 69 Filipino Chairman Reynaldo G. Geronimo 70 Filipino President Arleen May S. Guevara 53 Filipino Director & Treasurer Armand F. Braun, Jr. 77 Filipino Independent Director Meliton B. Salazar, Jr. 49 Filipino Independent Director Vicente D. Gerochi IV 47 Filipino Corporate Secretary Said Amended Registration Statement and other papers/documents attached thereto are open to inspection by interested parties during business hours and copies thereof, photostatic or otherwise, shall be furnished to any party upon request at such fees as the Commission may prescribe. The Registration Statement dated June 4, 2015 may also be downloaded from www.philamfunds.com.ph. (SGD.) JUSTINA F. CALLANGAN Director Published in The Philippine Star on June 26, 2015.
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