For Immediate Release 12 September 2016
Principal Global Opportunities Series plc (the Company)
Principal Corporate Plus Fixed Income Fund (the Fund)
Re: Appointment of Sub-Investment Manager
The Directors of the Company (the Directors) wish to announce that Principal Global Investors (Europe) Limited (the Sub-Investment Manager) has been appointed by the Principal Global Investors LLC (the Investment Manager) to act as sub-investment manager of the Fund pursuant to an agreement between the Investment Manager and the Sub-Investment Manager dated June 2016 (the Sub-Investment Management Agreement).
The Sub-Investment Manager is an affiliate of the Investment Manager which is a diversified asset management organization. Principal Global Investors is a member of the Principal Financial Group® ("The Principal®"). The Principal is a leading global financial institution offering a wide range of financial products and services. The core business of The Principal is asset accumulation and institutional asset management. The Principal was founded in 1879 and began managing retirement assets in 1941.
A brief summary of the material terms of the Sub-Investment Management Agreement are as follows:
The Sub-Investment Manager has been appointed to provide discretionary investment management and advisory services. The Sub-Investment Management Agreement provides that appointment of the Sub-Investment Manager will continue in force unless and until terminated by any party giving to the others 60 days' notice in writing although in certain circumstances the agreement may be terminated forthwith by notice by any party to the others. The Sub-Investment Management Agreement contains certain indemnities in favour of the Sub-Investment Manager which are restricted to exclude matters arising by reasons of the fraud, negligence or wilful default of the Sub-Investment Manager.
A&L Listing Limited
Contact: Niamh O'Hara
Phone: +353 1 649 2296
This announcement has been issued through the Companies Announcement Service of
The Irish Stock Exchange
This information is provided by RNS