Summit Fixed Income Fund

This is a money market product that will provide a guaranteed yield at MPR an agreed margin. It is a high yield investment product and is suited for those investors that are seeking guaranteed returns and very low risk on their investment.

Features:

• The minimum amount to be deposited by each investors is =N=500,000.00
• This fund will be invested in other money market instrument wit a higher rate of return, fixed income securities including debt instruments, etc.
• The duration ranges from 30, 60, 90, 180 days to one year.
• On maturity of the investment the principal and the accrued interest will be rolled over for tenure except other instructed by the client.
• A 24-hour notice is required from the client if the he wants to withdraw from the investment before maturity and this will attract a penalty charge of 15% on the prorated guaranteed return.
• The investment is entitled to a zero COT.
• Guaranteed return could be paid upfront if desired (for investment of =N=100m & above).
• Interest rates are very attractive and negotiable

Benefits:

• Return on investment is higher than that on average investment.
• The benefit is not subject to any charges.
• The structure is flexible with variable durations.
• It is a very good investment for investors seeking guaranteed returns at a very low risk