Theta Capital Management B.V. 1
Theta Legends XL – How to Buy and Sell
1. Investment
conditions
Fund Theta Legends XL Fund
Launch date 1 March 2011
Investment objective Target return of 10% per annum with low correlation to equities & bonds
Management fee 1.25% per annum
Performance fee 5% with a hurdle rate of Euribor +2%
Subcriptions Daily
Redemptions Monthly, 90 calendar days notice
Gate 10% of Fund NAV on a monthly basis
Trading Theta Legends XL Fund is listed in the K4 segment of the stock exchange of Euronext
Amsterdam. This listing allows investors to trade shares in Theta Legends XL Fund on a monthly basis directly with the Fund and on a daily basis with designated market-makers and the facilities of Euronext Amsterdam.
Currency Class A EUR
Minimum initial investment EUR 10,000
ISIN Code NL0009692839
Euronext Symbol THXLE
Bloomberg Ticker TBD
NAV Daily publication by the Fund’s administrator at the end of each business day
Legal structure Dutch mutual fund, domiciled in the Netherlands. Prospectus approved by the Authority
Financial Markets in the Netherlands
Administrator TMF Fund Administrators B.V.
Paying Agent ABN AMRO Bank N.V.
Depository Euroclear Nederland will be the registered holder of all Participations. Euroclear Nederland will facilitate the holding of Participations Theta Legends XL as part of giro and collective deposit.
Market Makers SNS Securities N.V., IMC Trading B.V.
Participations may be subscribed or redeemed subject to the conditions and limitations stated in the Prospectus and the Terms & Conditions of the Fund. Participations may be purchased or redeemed through transactions directly with the Fund or through the trading on the Official Segment of NYSE Euronext in Amsterdam1. The transaction procedures are described in more detail below.
Currently, the only Participations being issued are Class A Participations denominated in EUR.
1 Please note that what follows is a summary – the Prospectus and Terms & Conditions should always be referenced. Capitalized terms are
Theta Capital Management B.V. 2
2. Transactions directly with the Fund
The Participations are listed and traded on the Official Segment of the NYSE Euronext in Amsterdam. All Participations will be held in registered form in the name of Euroclear Nederland. The Netherlands Securities Giro Act (Wet giraal effectenverkeer) applies to the settlement through Euroclear Nederland.
When purchasing or redeeming Participations directly through the Fund, requests should be addressed directly to the Administrator (TMF Fund Administrators B.V.) or the Paying Agent (ABN AMRO Bank N.V.).
Subscriptions
Subscription forms are available from the Administrator, Paying Agent and on the website of Theta Capital Management (www.thetacapital.com).
Subscriptions for Participations can be made daily and are accepted at the NAV without deduction of any subscription charges. The Class A Participations will be issued at an initial subscription price of €100 per participation. The minimum subscription amount is €10,000. The subscription form for Participations must be received by the Administrator or Paying Agent at the address listed on the subscription form on or before the day of subscription. For initial subscriptions please ensure that the originals are sent by mail or courier as soon as possible. Subscription forms for additional subscriptions may be sent by e-mail, fax, or courier. Upon receipt of the documents for the Participations and after the Administrator or Paying Agent is satisfied as to the identity of the participant, the subscription confirmation, in which the number of participations and the applicable
subscription amount is mentioned, will be sent. Upon receipt of the subscription amount by the Administrator or Paying Agent, the Participation will be delivered to the Subscriber (Participant).
Participants who subscribe through intermediaries should be aware that the Fund has recommended that additional sale charges or commissions requested by the intermediary should not exceed 3% of NAV.
Redemptions
Redemption forms are available from the Administrator and on the website of Theta Capital (www.thetacapital.com).
Redemptions of Participations are accepted on the last Business Day of each calendar month (“Redemption Day”) pursuant to receipt of the redemption form. This must be received by the Administrator by 18:15 hours (Amsterdam time) at least 90 calendar days prior to the Redemption Day. Completed redemption forms may be sent by e-mail, fax, or courier and upon receipt of the fully completed form by the Administrator, the redemption confirmation will be sent and redemption proceeds can be paid. If a redemption form is not timely received, the Participant will be deemed to have made a redemption request for the immediately following Redemption Day. Redemption proceeds are ordinarily paid within 3 Business Days after the Redemption Day. Redemptions are paid at the NAV as of the close of business on the Redemption Day, less a 1% redemption charge payable to the Fund2.
2 The Fund manages the liquidity profile of its assets with the aim of being able to meet redemption repurchase requests. That said, redemptions
may be suspended by the Fund in the event of, inter alia, a market disruption or a breakdown of means of valuing the Fund. The Fund is also not obliged to redeem more than 10% of outstanding Participations on any Redemption Day.
Theta Capital Management B.V. 3
3. Transactions through market makers
For the convenience of participants the Fund has designated SNS Securities N.V. and IMC Trading B.V. to make a continuous daily market in the Participations on the NYSE Euronext Amsterdam. The Fund has agreed, subject to certain limitations, to (i), issue Participations daily at the next NAV following receipt of a subscription notice free of subscription charges and (ii) accept redemptions of Participations by the market makers on each Business Day on the basis of the next NAV following receipt of a redemption notice minus a 1% redemption charge, payable to the Fund.
The Fund has agreed to accept net redemptions from the market makers up to a maximum per week and per month. These maximums will be posted on the website of Theta Capital (www.thetacapital.com).
Participants should note that although the Fund has agreed to accept redemptions from the market makers on each Business Day there is no guarantee that Participants will be able to sell their Participations on a daily basis. Transactions between Participants and the market makers are the responsibility of those parties and not the Fund. As stated under Redemptions above, Participants may redeem their Participations directly to the Fund on a monthly basis.
4. Contact
details
Market Makers
SNS Securities N.V. IMC Trading B.V.
Tel: +31 20 550 8466 Tel:+41 41 560 3124
Fax: +31 20 420 4186 Fax: +41 41 560 3201
e-mail: alon.bromet@snssecurities.nl e-mail: jbru@imc.nl
Administrator and Paying Agent
TMF Fund Administrators B.V. ABN AMRO Bank N.V.
Tel: +31 (0) 10 271 1370 Tel: +31 (0)76 5799 347
Fax: +31 (0) 10 271 1390 Fax: +31 (0)10 264 4652
e-mail: SSG@TMF-Group.com e-mail: as.exchange.agency@nl.abnamro.com
Theta Capital Management B.V. Johannes Vermeerstraat 9 1071 DK Amsterdam The Netherlands Telephone: +31 (0) 20 5722733 Fax: +31 (0) 20 5722744 E-mail: ir@thetacapital.com Website: www.thetacapital.com
Page 1 of 6
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