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Financial reporting of IPF-AGRO Asset Management Company

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Fund IPF-AGRO

IPF-AGRO Rental Closed-ended Mutual Fund

The Asset management company for the Fund is IPF-AGRO Asset Management Limited Liability Company which has License # 21-000-1-00433 for management of investment funds, mutual funds and non-state pension funds, issued by the Federal Financial Markets Service on July 5, 2997.
The Rules of confidential Management were registered by FFMS of Russia on July 15, 2008 (Register No.1250-94138058).

The date of expiry of confidential management of IPF-AGRO Fund is July 31, 2015.

Purpose of IPF-AGRO Fund

IPF-AGRO Land Fund is aimed to maximize return on capital invested by shareholders through investing in the underestimated market potential of farm lands and farm units.

Investment objects

The objects are farm lands (in the form of land shares and owned lands) and shares in farm units.

IPF-AGRO Fund features

1. The unique concept of the Land Fund based on use of the underestimated market potential of farm lands and businesses in the Russian Federation.
2. Collaboration with stock markets. An agreement has been reached with MICEX and RTS as regards bringing the shares to exchange trading marketplaces. This allows the parties to create a simple and reliable mechanism for purchase and sale of land shares by closing an exchange transaction through a professional market maker.
3. Collateralized lending for land shares (agreements have been reached with a number of Russia’s major banks).
4. Collaboration with strategic and agricultural operators. Negotiations are underway and preliminary agreements have been reached with a number of Russian and western agro-industrial companies on cooperation under the presented project and management of the fund’s farm lands.
5. Collaboration with public regulatory authorities. Preliminary agreements have been reached with administration of the regions where farm land will be purchased; consulting is conducted and agreements on cooperation are prepared in the area of agricultural development and inclusion in regional programs of the Ministry of Agriculture.

Ensuring liquidity of IPF-AGRO Fund shares

1. Share sales at stock exchange
2. Share sales in the over-the-counter market
3. Early claim for paying off shares
4. Possibility to obtain loan funds as a security for shares.

Guarantee of security for IPF-AGRO Fund shareholders’ equity

The Fund’s operation is governed by applicable laws and the Federal Financial Markets Service of the Russian Federation.
IPF-AGRO activities of managing the Fund’s assets are supervised by the Specialized Depositary that keeps and records transactions with the Fund’s assets.
The Foundation is not liable for any obligations of the Management Company to the extent of its assets.
An investment shareholder has the right to control operations of the Fund by being involved in decision making at the General Meeting of shareholders.

Taxation

The closed unit investment fund is not a legal entity and profit/property tax payer. Shareholders will be obliged to pay the profit tax (individual income tax for individuals) whenever they sell their shares and derive intermediate income. If a shareholder fails to pay off shares during the Fund’s operation period, then such shareholder is not supposed to pay the profit tax.

How to become a shareholder of IPF-AGRO Fund

It is very easy to become a shareholder of the Land Fund. Simply come to IPF-AGRO Asset Management LLC, fill in three documents (form, application for share acquisition, and application for opening a personal account) and pay in. The cost of one investment share is 250 000 rubles. The initial investment amount is 2,500,000 rubles, as a minimum.

Contact information

Phone: +7 (495) 258-44-71, Fax: +7 (495) 258-44-72
2/7, Akademika Anokhina Str., Moscow, Russia
www.ipf-agro.ru, info@ipf-agro.ru