[ 2021-03-05 ]

NIMED Capital Ltd. launches IPO for lifetime Unit Trust

By Edna A. Quansah

Accra, Mar. 5, Indigenous investment firm and fund
manager, NIMED Capital Limited, has officially
launched an Initial Public Offering( IPO) to raise
funds for its Unit Trust.

The NIMED Lifetime Unit Trust is as an open-ended
fund, established with the aim of investing in
fixed-income securities that will provide
investors with capital preservation, income and
growth in the medium to long-term.

Addressing the virtual launch of the IPO on
Wednesday via Zoom, officials of NIMED Capital
Limited stated that the Fund was initially
offering a minimum of 1,500,000 Units at an
initial cost of GHS 0.20 per Unit. The minimum
investment purchase of Units under the IPO is set
at 1,500 Units (GHS300) and thereafter in
multiples of 250 Units (GHS50).

The initial offering period for Units of the NIMED
Lifetime Unit Trust commences from 8:00 am on
March 3, and ends at 5:00 pm on March 23, 2021,
with Fidelity Bank as the Trustee.

“As we expect to roll out our first unit trust
over the next few weeks, we are targeting an
Assets Under Management of GHS 10million to GHS
20million in the first 2 years as we advise
clients to take hold of their future by investing
in the fund. Our focus will be on the fixed income
market to generate good returns for the fund,”
said Madam Abena Brigid, Chief Executive Officer
(CEO) of NIMED Capital Limited.

"Today, I am happy that we are launching NIMED
Lifetime Unit Trust, the investment support for a
lifetime. If you are looking to pay for the cost
of your child's education, build your primary
home, purchase a vehicle, cater for the upkeep for
your family, accumulate emergency funds, grow the
surplus funds of your institution, then see NIMED
as a strategic partner in achieving these goals"
she added.

The Board Secretary of NIMED Capital Limited, Mr
Justice Ayisi, in a speech before the launch, said
the fund would invest primarily in fixed income
securities which "seek total return, consisting of
income and capital appreciation". He was also
confident that the IPO would be over-subscribed
before the end of the period.
The Fund Administrator - NIMED Capital Limited,
Madam Anita Bekoe, also added that the fund would
allow investors to make regular contributions
after the IPO.

She said, "the fund will be managed with high
ethical standards and be invested in asset classes
including, Government of Ghana Bonds, Corporate
bonds and fixed deposits."

She further disclosed that the fund was open to
investment from all individuals, institutions,
corporate bodies, pension funds, endowment funds,
schools and churches.

NIMED Capital Limited is licensed by the
Securities and Exchange Commission (SEC) and the
National Pensions Regulatory Authority (NPRA).

Source - GNA

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