This information (the Information) has been prepared and issued by Gresham House Asset Management Ireland Limited (the AIFM), a wholly owned subsidiary of Gresham House plc.
The AIFM is authorised by the Central Bank of Ireland (the Central Bank) and is the alternative investment fund manager of the Gresham House Credit Union Income Fund (the Fund), a Qualifying Investor Alternative Investment Fund (QIAIF) which is a sub-fund of Appian Investments ICAV (the ICAV). The information contained herein is being furnished to you solely for the purpose of giving you an indication of the proposed strategy and structure of the Fund and is not to be used for any other purpose or made available to anyone not directly concerned with your evaluation of the possibility of requesting further information regarding any investment in the Fund. This Information should not be taken as an inducement to engage in any investment activity and is for the purpose of providing information about the Fund only.
This Information is intended for distribution to Credit Unions established in Ireland and authorised by the Central Bank. Those representing the Credit Union in relation to consideration of this Fund must (i) have professional experience in matters relating to investments and (ii) have the authorisation to act on behalf of the Credit Union and must ensure that the investing Credit Union meets the Qualifying Investor definition as defined in the Central Bank’s AIF Rulebook and all potential investing Credit Unions must certify (i) that they meet the relevant criteria as a qualifying investor and (ii) that they have the minimum capital commitment available to invest.
In relation to client classification, by expressing an interest in the Fund, you understand and accept that Credit Unions are automatically categorised as Professional Clients as defined in Directive 2014/65/EU (MiFID II). This classification is provided for in the Central Bank of Ireland’s Credit Union Handbook Investments, dated September 2021. Therefore, the Credit Union will not have the ability under MiFID II to opt down to Retail Client status (as defined in MiFID II) and consequently, the Fund is not under any obligation to provide a Key Information Document under the PRIIPS regulation (Regulation (EU) No. 1286/2014).
This Information is a marketing communication. Please refer to the Prospectus of the ICAV and the Fund Supplement before making any final investment decisions.
This Information does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase or subscribe for any interests or any other shares in the Fund or ICAV nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract. The distribution of this Information and other information in connection with the Fund and the ICAV in certain jurisdictions may be restricted by law and persons into whose possession comes any document or other information referred to in it, should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This Information is not intended to provide and should not be construed as or relied upon for legal, tax, financial, business, regulatory or investment advice, nor does it contain a recommendation regarding the purchase of any interest in the Fund. Credit Unions are strongly advised to seek independent, expert advice before making any investment decision.
The information and opinions contained in this Information are provided as at the date of this Information (unless otherwise marked) and are subject to verification, change, material updating and revision and no representation or warranty, expressed or implied, is or will be made in relation to the accuracy or
completeness of the information contained herein and no responsibility, obligation or liability or duty (whether direct or indirect, in contract, tort or otherwise) is or will be accepted by the ICAV, the Fund or the AIFM or any of their affiliates or by any of their respective officers, employees or agents in relation to it.
No liability whatsoever (whether in negligence or otherwise) arising directly or indirectly from the use of this Information is accepted and no representation, warranty or undertaking, express or implied, is or will be made by the AIFM or any of its affiliates, the ICAV or any of their respective directors, officers, employees, advisors, representatives or other agents (together the “Agents”) for any information or any of the opinions contained herein or for any errors, omissions or misstatements. None of the Agents makes or has been authorised to make any representation or warranties (express or implied) in relation to the ICAV or the Fund or as to the truth, accuracy or completeness of this Information, or any other written or oral statement provided. In particular, no representation or warranty is given as to the achievement or reasonableness of, and no reliance should be placed on any projections, targets, estimates or forecasts contained in this Information relating to the Fund or ICAV and nothing in this Information is or should be relied on as a promise or representation as to the future.
This Information is strictly private and confidential, it may not be distributed to the press or any other person, it may not be copied, re-produced, discussed, published, quoted or referenced to, in any form, in whole or in part, for any purpose whatsoever, without the prior written consent of the AIFM.
The AIFM is authorised by the Central Bank as an alternative investment fund manager (AIFM) under the European Union (Alternative Investment Fund Managers) Regulations 2013.