As at the 30th of September 2018 the NAV of the Class A shares of the Pangolin Asia Fund was US$450.29 net of all fees and expenses, down 1.10% from US$455.31 in August. Please see the table at the end of this letter for further detail.
The HMRC has accepted Pangolin Asia Fund into the Reporting Fund regime with effect from 1 December 2013 for UK tax purposes. Investors who are subjected to UK taxation will be required to use the report available in this notice to calculate the amount of income that you will need to include in your tax return.
Registration of share classes with Oesterreichische Kontrollbank (OeKB) is necessary for obtaining Austrian tax transparency status for share classes. Pangolin has started to prepare these tax statements for our investors this year for FY 2017.