Capital Alliance Investments lists ‘CAL Five Year Closed End Fund’ on CSE

From left: Shekina Peiris, Assistant Manager - Risk & Compliance, CAL Group; Shifani Ahamadeen, Senior Executive, Capital Alliance Investments Limited; Gayan De Silva, CEO, Capital Alliance Investments Limited; Cheryl Pasker, Vice President, Capital Alliance Investments Limited; Vindhya Jayasekera, CEO Designate, CSE; Renuke Wijayawardhane, CRO, CSE; Piranavi Sivaruban, Analyst, Capital Alliance Investments Limited; and Chandula Jayasundara, Assistant Manager - Investment Banking, Capital Alliance Partners Limited

The ‘CAL Five Year Closed End Fund’ units were officially listed on the Colombo Stock Exchange (CSE) yesterday. 

Accordingly, a total of 914,925,446 units were listed by way of an Introduction. 

Congratulating Capital Alliance Investments Limited on their achievement, CSE CEO Designate Vindhya Jayasekera stated that for investors, listed unit trusts offer both stability and liquidity while enabling participation in professionally managed investment strategies. 

“The listing of units by way of introduction ensures liquidity for existing unit holders while creating opportunities for new investors to diversify their portfolios. We encourage more fund managers and financial institutions to leverage the capital market to introduce innovative investment products, as growing investor interest continues to strengthen market participation and confidence,” she said, speaking at the special Bell Ringing Ceremony held to mark the milestone.

Gayan De Silva, CEO of Capital Alliance Investments Limited shared that what sets the ‘CAL 5 Year Closed End Fund’ apart is that its units will be traded on the stock exchange just like individual stocks, allowing investors to buy and sell units throughout trading hours, providing flexibility and accessibility.

“The launch of this fund is more than just an addition to our product portfolio—it represents a step forward in expanding the offerings on the stock exchange and boosting market participation, which we firmly believe will aid the development of Sri Lanka’s capital market,” he said.

The ‘CAL Five Year Closed End Fund’ is a fixed income unit trust scheme with a five-year tenure, approved by the Securities and Exchange Commission of Sri Lanka (SEC). It is designed to provide investors with capital preservation, interest income, and potential capital gains based on prevailing and expected interest rate movements.

The fund was constituted through a Trust Deed dated 6 September 2024, with Hatton National Bank PLC serving as the trustee and custodian. The units of the fund are fully paid, freely transferable, and tradable on the CSE at the Net Asset Value (NAV) or at a premium/discount based on market demand.