The CMI High Income Fund P.L.C.

The CMI High Income Fund P.L.C. is an offshore open-ended investment company (OEIC), which is managed by CMI Fund Managers (IOM) Limited, one of the constituent companies of Clerical Medical. CMI Fund Managers (IOM) Limited is licensed by the Financial Supervision Commission of the Isle of Man to provide collective investment scheme and corporate services.

The aim of The CMI High Income Fund P.L.C. is to provide investors with an income from a managed portfolio of fixed interest securities. Shares are purchased on behalf of the investor and these shares can be sold at any time at the current market rate.

Although the underlying investments of this product are relatively lower risk securities, the value of the investment may go down as well as up and the investor may not get back the amount they invested.

The CMI High Income Fund P.L.C. offers:

  • A quarterly dividend paid in February, May, August and November each year, which can be taken as income or reinvested to buy additional shares.
  • A minimum investment of £500. Please note the fund only accepts lump-sum investments and there is no maximum investment amount.
  • Professional investment management by Clerical Medical.
  • Easy access, as shares of the fund can be bought or sold on any dealing day.
  • The fund invests in four types of investments: UK Gilts, Bulldogs (fixed-interest securities issued and guaranteed by foreign governments), Eurosterling bonds and Floating Rate Notes.
  • A flexible form of investment as there is no minimum or maximum term and shares can be sold at any given time. However, we recommend an investment term of at least five years.

For more detailed information regarding The CMI High Income Fund P.L.C., please click here for the application pack.

Daily fund prices

The CMI High Income Fund P.L.C. is priced daily. Please click here for Daily fund prices.

Important notes

The Fund is an Authorised Scheme, being a Securities Fund, formed as an open-ended investment company registered and managed in the Isle of Man under the Companies Act 1931 (as amended) and in accordance with the Financial Supervision (Authorised Collective Investment Schemes) Regulations 2005.

Full details are available on request from CMI Fund Managers (IOM) Limited at Clerical Medical House, Victoria Road, Douglas, Isle of Man, IM99 1LT. This information is based on our understanding of current legislation and Revenue practice. Legislation and Revenue practice can change in the future.

Please see our legal and privacy statements.
Issued by: CMI Insurance Company Limited Clerical Medical House, Victoria Road, Douglas, Isle of Man IM99 1LT, British Isles, Registered in the Isle of Man, Registered No. 33520. CMI Fund Managers (IOM) Limited Clerical Medical House, Victoria Road, Douglas, Isle of Man IM99 1LT, British Isles, Registered in the Isle of Man, Registered No. 40572. Telephone: +44 (0)1624 638888. Fax: +44 (0)1624 625900. CMI Fund Managers (IOM) Limited is licensed by the Financial Supervision Commission of the Isle of Man. Approved by Clerical Medical Financial Services Limited, 33 Old Broad Street, London EC2N 1HZ, United Kingdom. Registered No. 2114901. Clerical Medical Financial Services Limited is authorised and regulated by the Financial Services Authority for the protection of investors, whose rules and regulations are made under the Financial Services and Markets Act 2000 and apply only to investment business. ©Copyright CMI Insurance Company Limited 2008.