WELSH CHURCH ACT ESTATE COMMITTEE
Minutes of a meeting held on 30th January, 2012.
Present: Councillor C.L. Osborne (Chairman); Councillors F.T. Johnson, R.P. Thomas, Mrs. D.M. Turner and S.T. Wiliam.
829 APOLOGY FOR ABSENCE -
This was received from Councillor J.C. Bird.
830 MINUTES -
RESOLVED - T H A T the minutes of the meeting held on 21st November, 2011 be approved as a correct record.
831 DECLARATIONS OF INTEREST -
No declarations of interest were received.
832 FUND’S INVESTMENTS - EEA LIFE SETTLEMENTS FUND PCC LTD (DFICTP) -
Committee were apprised of the situation regarding its investment in EEA Life Settlements Fund PCC Ltd.
Bluefin, the Trust’s investment advisor, had written to advise of the suspension of dealings in EEA Life Settlements Fund PCC Ltd.
Whilst dealings in the Fund had been suspended, Bluefin had confirmed that during the period of suspension, which may be up to 23 months, the Trust should continue to receive income from its investment.
(1) T H A T the suspension of dealings in EEA Life Settlements Fund PCC Ltd. be noted.
(2) T H A T Marlene Shalton, Investment Advisor, Bluefin, be invited to attend the next meeting of the Committee in order that she may expand on the issues relating to this matter.
Reasons for decisions
(1) Having regard to the advice of the Trust’s investment advisor.
(2) To provide answers to Members’ questions.