COMPLIANCE STATEMENT IN RELATION TO THE SHAREHOLDERS RIGHTS DIRECTIVE II
This statement is adopted by DCI Umbrella Fund plc, DCI Ireland Fund plc, DCI UCITS ICAV, DCI Alternative Fund DCI Alternative Fund and DCI Asset Management Limited (the "DCI entities") in respect of Article 3(g) of Directive (EU) 2017/828, amending EU Shareholder Rights Directive (Directive 2007/36/EC) (collectively “the Directive”).
The DCI entities have considered the requirements of the Directive carefully, and have concluded that it would not be appropriate for the DCI entities to develop a shareholder engagement policy at this time. Although the DCI entities closely monitor performance of the companies in which it invests, it does not consider shareholder engagement to be an integral part of its investment process or its investment strategy. In addition, the sub-funds of the DCI entities do not invest in the equity securities of companies which are admitted to trading on a regulated market situated or operating within an EU Member State.
The DCI entities will continue to evaluate any future developments in its approach to shareholder engagement and may update this statement from time to time. Additionally, as at the date of this statement, it is further noted that the Directive has not yet been transposed into national legislation in Ireland.