The investment objective of the Real Estate Securities Fund Ltd (the "Company") is to achieve superior risk-adjusted returns with low volatility and low equity market correlation through investment in real estate backed securities. An opportunistic approach will be utilized to pursue the Company's objective. Specific investment disciplines will include, acting as a fund of funds for property hedge funds as well as taking on long and short positions, merger arbitrage, distressed investing, corporate restructuring, temporary market pricing aberrations, dividend stripping and other special situations.

It is proposed that the Company will achieve its investment objective from a diversified portfolio of real estate backed securities mainly in the United Kingdom ("UK"), Europe and South Africa.

Effective 30 September, 2013, BSX canceled listing for failure to submit financials and insufficient operations per BSX Regulations, Section I, Chapter 2, Regulation 2024