The Company was incorporated and registered in Bermuda as an Exempted Company on April 19, 1995.

The investment objective of the Fund is to seek as high an overall rate of return as possible while endeavouring to maintain liquidity and limited price volatility. To achieve this objective the Fund will invest in U.S. dollar denominated short-dated fixed and floating rate debt securities. The expected maturities of these instruments will be limited, respectively, to three and five years and the Fund will be managed so that the weighted average duration of such instruments does not exceed one year. Only the issues of or issues guaranteed by highly-rated sovereign governments, agencies and corporations will be included in the Fund.

Voluntarily de-listed as permitted under the BSX Listing Regulations, Section I, Chapter 2, Regulation 2.31 following the redemption of all shareholders effective 18 April, 2011.