TMCP plans, in line with previous years, to make annual statements available to you as soon as we have received all the necessary information from external sources.
This year, we have successfully completed our year-end processes ahead of schedule by Friday 9th September 2022, which includes updating and validating all investment valuations. This is with the exception of importing the CFB Property Fund unit price which is not yet available.
As our colleagues at Central Finance Board explain:
| The CFB Property Fund is entirely invested in the Property Income Trust for Charities (PITCH) which is managed by Mayfair Investment Capital Limited, an external fund manager. To calculate the unit price on the CFB Property Fund, we need to receive the price of the underlying holdings in the fund. Unfortunately, the release of pricing information from PITCH generally takes longer to be released given the nature of the fund and is outside of our control. |
We are unable to release the statements until receiving this information because, as we are sure you will understand, doing so would cause confusion by the existence of more than one year end statement. We will remain on standby to finalise matters as soon as possible and will email all users of the Trust Information System once statements have been released..
We will let you know the date by which you need to have checked your statements once we have finalised the accounts.
If you have any queries, please contact TMCP Finance.