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Schroder UK Real Estate Fund Prospectus

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Schroder UK Real Estate Fund Prospectus Schroder UK Real Estate Fund Prospectus 30 June 2021 http://www.schroders.com/sref For professional investors only. Not suitable for retail clients. IMPORTANT: IF YOU ARE IN ANY DOUBT ABOUT THE CONTENTS OF THIS PROSPECTUS YOU SHOULD CONSULT YOUR FINANCIAL ADVISER Schroder Unit Trusts Limited, the authorised corporate director of the Company, is the person responsible for the information contained in this Prospectus. To the best of its knowledge and belief (having taken all reasonable care to ensure that it is the case) the information in this Prospectus does not contain any untrue or misleading statement or omit any matters required by the Sourcebook to be included in it. Schroder Unit Trusts Limited accepts responsibility accordingly. Prospectus of the Schroder UK Real Estate Fund 30 June 2021 (An open-ended investment company with variable capital incorporated with limited liability and registered in England and Wales under registered number IC000945) This document constitutes the Prospectus for Schroder UK Real Estate Fund which has been prepared in accordance with the Sourcebook. This Prospectus is dated and is valid as at 30 June 2021. The Company may only be invested in by investors who fall within the category of Eligible Investors (as defined in this Prospectus). 30 June 2021 Prospectus of the Schroder UK Real Estate Fund 2 Contents Important Information ..................................................................................................................... 8 Definitions ........................................................................................................................................ 11 1.1 Investment objective ................................................................................................................. 15 1.2 Investment policy ....................................................................................................................... 15 1.3 Investment and borrowing guidelines .................................................................................... 15 1.4 Integration of Sustainability Risks ............................................................................................ 16 1.5 Summary details for each Class of Shares .............................................................................. 17 2.1 How to buy Shares ..................................................................................................................... 18 2.2 The documents buyers receive ................................................................................................. 18 2.3 Minimum investment levels ...................................................................................................... 19 2.4 Bodies Corporate and nominees acquiring Shares ................................................................ 19 2.5 How to sell Shares ...................................................................................................................... 20 2.6 The documents that sellers receive ......................................................................................... 20 2.7 Limits on partial redemptions .................................................................................................. 20 2.8 Deferral of redemptions by the ACD ........................................................................................ 21 2.9 Transfer of Shares that are subject to a redemption request on the secondary market ... 21 2.10 Extended redemption payment facility ................................................................................... 22 2.11 How to convert Shares of one Class for Shares of another Class and the implications of converting .............................................................................................................................................. 22 2.12 Transfers of Shares on the secondary market ........................................................................ 22 2.13 Trade requirements ................................................................................................................... 23 2.14 Share matching .......................................................................................................................... 23 2.15 Withdrawal of a secondary market request form................................................................... 23 2.16 Transfer requirements, settlement and re-registration ........................................................ 23 2.17 Secondary market arrangements conducted directly between Shareholders .................... 24 2.18 Restrictions and compulsory transfer and redemption ......................................................... 24 2.19 In specie redemptions ............................................................................................................... 25 2.20 Issue of Shares in exchange for in specie assets .................................................................... 25 2.21 When the suspension of dealings in Shares might occur ...................................................... 25 2.22 The charges that may be imposed on dealing ........................................................................ 26 2.23 Initial charge ............................................................................................................................... 26 2.24 Redemption charge ................................................................................................................... 26 2.25 Conversion fee ........................................................................................................................... 26 30 June 2021 Prospectus of the Schroder UK Real Estate Fund 3 2.26 Stamp duty reserve tax (SDRT) ................................................................................................. 27 2.27 Money laundering ...................................................................................................................... 27 2.28 Bodies Corporate holding Shares ............................................................................................ 27 2.29 Governing law ............................................................................................................................ 27 3.1 General ........................................................................................................................................ 28 3.2 The Structure of the Company ................................................................................................. 28 3.3 Changes to the Company .......................................................................................................... 29 3.4 Shares ......................................................................................................................................... 29 3.5 Documents of the Company ..................................................................................................... 30 3.6 Indemnity ................................................................................................................................... 30 3.7 Genuine diversity of ownership ................................................................................................ 30 4.1 Management and administration ............................................................................................ 31 4.2 Authorised Corporate Director ................................................................................................. 31 4.3 The Depositary ........................................................................................................................... 32 4.4 The Investment Manager .......................................................................................................... 33 4.5 Registrar ..................................................................................................................................... 34 4.6 The Standing Independent Valuers ......................................................................................... 34 4.7 The Auditor ................................................................................................................................. 34 4.8 Legal adviser ............................................................................................................................... 34 4.9 Provision of investment advice ................................................................................................. 35 4.10 Telephone recordings................................................................................................................ 35 4.11 Complaints .................................................................................................................................. 35 4.12 Reporting .................................................................................................................................... 35 5.1 General ........................................................................................................................................ 37 5.2 Charges payable to the ACD ..................................................................................................... 39 5.3 Investment Manager’s fee ........................................................................................................ 40 5.4 Depositary's fee .......................................................................................................................... 41 5.5 Standing
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