Forthcoming changes to LMDF
The Luxembourg Microfinance and Development Fund (“LMDF”) has demonstrated over the past seven years that effective public and private sector collaboration can build an investment vehicle pursuing both social and financial goals.
Based on our experience, LMDF is looking to the future and has embarked on two initiatives:
- We are working on the creation of a new Sub-Fund which takes LMDF’s experience in microfinance investment to a new field: The sustainable management of tropical secondary forests in the interest of climate change mitigation and adaptation;
- We are laying the foundation for the future growth of the microfinance sub-fund by creating a new share class Abis which complements the current A shares in providing risk coverage for Class C investors.
These initiatives require a number of amendments to LMDF’s prospectus and articles of incorporation. Among the proposed changes is the proposal to amend the name of the umbrella fund to Investing for Development SICAV. The name of your microfinance sub-fund will be amended to Luxembourg Microfinance and Development Fund, so that the use of the LMDF brand remains.
The changes are detailed on the following pages and will be presented at an extra-ordinary general meeting of shareholders on 16 May 2017, 14:00 at the Maison de la Microfinance.
We hope to see you on this occasion and remain at your disposal should you have questions or comments.