(a) the rationale behind the policy;
(b) a prominent risk warning, at the front of the prospectus, which describes the effects of making distributions from capital. This warning must include the following:
• that capital will be eroded;
• that the distribution is achieved by forgoing the potential for future capital growth;
• this cycle may continue until all capital is depleted; and
(c) highlight that distributions out of capital may have different tax implications to distributions of income and recommend that investors seek advice in this regard.
(a) indicate that fees and expenses, including management fees, or a portion thereof, may be charged to capital;
(b) a prominent risk warning in…