This summary outlines key rights for investors listed on the share or unit register of any Fund managed by Mediolanum International Funds Limited (“MIFL”). It is not exhaustive; additional rights may apply under other laws or regulations.
For full details on your investment terms and rights, please refer to the Fund’s prospectus and constitutive information, available on our website (https://www.mifl.ie). The prospectus also includes a directory of key service providers for each Fund.
1. Information Rights
Investors in all jurisdictions within the European Union in which the Funds are offered can publicly avail of Information about the Funds on the MIFL website. This information includes;
a. the prospectus;
b. key investor information documents (KIIDs);
c. annual and semi-annual reports and
d. the constitutional documents of the relevant Fund.
These documents contain additional information on the various rights afforded to shareholders listed on the share register of the relevant Fund.
2. Redemption of Shares and Dividend Distributions
Investors are entitled to redeem their shareholding in the Fund (or any part thereof) and receive the redemption proceeds relating to such a redemption within the timeframe and subject to such conditions as detailed in the prospectus and the constitutive documents of the relevant Fund(s). Investors may be entitled to receive dividend distributions, depending on the share/unit class of the relevant Fund that they have a holding subject to such conditions as detailed in the prospectus and other constitution documents of the relevant Fund.
3. Voting Rights and Related Matters
As an investor listed on the share or unit register of a Fund managed MIFL, you may exercise voting rights in accordance with the Fund’s constitutive information and prospectus.
Investors may have the right to vote (whether in ordinary or extraordinary general meeting or, where so permitted under the constitutive documents of the relevant collective investment scheme by way of a written resolution) on resolutions relating to the relevant Fund, sub-fund or share/unit class thereof in accordance with the conditions set down in the prospectus and constitutive documents of the relevant Fund. MIFL is required to provide each Investor with written notice of any such meeting in accordance with the procedures and timeframes outlined in the Fund’s constitutional document.
4. Complaints
Investors may submit complaints to Mediolanum International Funds Limited (MIFL), the Trustee/Depositary, the Transfer Agent and Registrar, the Paying Agents, the Distributors, and, where relevant, the Facility Agent. All complaints will be handled appropriately and in line with regulatory requirements and MIFL’s policies and procedures. Further information on the complaints process is available under the ‘Complaints’ section of this website.
5. Right to Act
Investors in a Fund may have the right to act against MIFL in certain circumstances, as outlined in the Fund’s constitutive information. Investors also have a regulatory right to take action against the Fund’s Depositary or Trustee in respect of their duties
a. any loss of an asset held in the custody of the Depositary or any delegate of the Depositary; or
b. any other losses caused by the Depositary’s negligent or intentional failure to properly fulfil its obligations under applicable regulations, provided this does not lead to a duplication of redress or to unequal treatment of share/unit holders in the Fund.
7. Right to Terminate Marketing Agreements within EU Member States
Please note that arrangements for marketing a Fund in any EEA Member State may be terminated at any time. If such a decision is taken, shareholders in the affected Member State will be notified and given at least 30 working days from the date of notification to redeem their shares free of any charges or deductions.
Note: Representative Actions under Irish and Luxembourg Law
Ireland: Directive (EU) 2020/1828 through the Representative Actions for the Protection of the Collective Interests of Consumers Act 2023, which came into force on 30 April 2024. This legislation allows qualified entities to bring representative actions before the Irish High Court for injunctive relief or redress on behalf of consumers.
Luxembourg: A Bill introducing class actions is progressing through the legislative process to comply with the Directive.
