SENTINEL II

Investment Objective

The Investment Objective of the Sub-Fund is to produce capital appreciation over its lifetime.

Investment Policy

The Sub-Fund seeks to achieve its investment objective by acquiring one or more portfolios of unsecured performing and non-performing loans (“Loans”) issued by Italian credit institutions and other financial institutions authorised to originate loans (“Originators”).

The Investment Manager, with the assistance of the Investment Advisor, will monitor the periodic auctioning of portfolios of Loans by Italian Originators as well as the secondary markets in Loans in order to identify portfolios of Loans which could both present upside potential and satisfy the investment Manager’s other selection criteria described below. The Sub-Fund will focus on Loans issued to individuals or SMEs with an average individual loan amount of €30,000 and normally not exceeding €100,000. The Sub-Fund aims to focus on Loans with debtors mainly resident in Italy.

Where a portfolio of non-performing loans (“NPLs”) has been acquired, the Investment Manager, with the assistance of the Master Servicer, will assess the NPLs individually and utilise all legal means to attempt to recover the relevant debt over the course of the Sub-Fund’s duration. This may include negotiating staggered payment terms with defaulting debtors or agreeing to settle out of court. The Sub-Fund may also dispose of NPLs on the secondary market if a suitable buyer and price is found.

The Sub-Fund will not be employing leverage for the pursuit of its investment objective or policies whether through borrowing or the use of financial derivative instruments.

Please contact us for details in Italian.

ITALO SICAV DOCUMENTS

Annual Financial Statements 2021

SENTINEL II

Offering Supplement (EN)

Address

Italo SICAV Sicav p.l.c.
171, Old Bakery Street
Valletta, Malta
Tel: +356 2248 5200
Email: info@italo-sicav.com

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No Warranty Every effort has been made to ensure the accuracy of the information herein, but it may be based on outdated figures or subject to errors. Furthermore, you must acknowledge that past performance is not indicative of future performance. The price of fund units can go down as well as up and may be affected by changes in rates of exchange. An investor may not get back the amount invested.

Investments in the Fund may involve significant risks. Whilst it is the intention of the Manager to implement strategies which are designed to minimise potential losses, there can be no assurance that these strategies will be successful. It is possible that an investor may lose a substantial proportion or all of its investment in the Fund. As a result, each investor should carefully consider whether it can afford to bear the risks of investing in the Fund.

No Offer or Solicitation The information contained and referenced on this website should not be regarded as an offer, solicitation or recommendation for any investments, investment funds or products in any jurisdiction where such activity is unlawful. This website is not directed at you, if we are prohibited by any law of any jurisdiction from making the information on this site available to you and is not intended for any use which would be contrary to local law or regulation.

No action has been taken to permit the distribution of the Fund in any jurisdiction where action would be required for such purpose. Accordingly, no person receiving a copy of the Fund’s Prospectus and/or an Application Form in any territory may treat it as constituting an invitation to him to purchase or subscribe for Shares nor should he in any event use such an Application Form unless in the relevant territory such an invitation could lawfully be used without compliance with any registration or other legal requirement.

The Shares of the Fund have not been nor will they be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or under any State securities law and, except with the specific consent of the Board, may not be offered or sold directly or indirectly, in the United States of America, its territories or possessions or any area subject to its jurisdiction or to any U.S. Person. In addition the Fund will not be registered under the United States Investment Company Act of 1940 (the “1940 Act”), as amended and the investors will not be entitled to the benefits of the 1940 Act.

Italo SICAV plc. is a collective investment scheme established as a multi-fund Investment company with variable share capital (SICAV) incorporated with limited liability under the laws of Malta and licensed by the MFSA under the ISAct as an Alternative Investment Fund, targeting Eligible Investors as set out in the Offering Supplement in each respect of a Sub-Fund. The Sub-Fund qualifies as a “Lending Fund” under the MFSA Rules.

No broker, dealer, salesman or other person has been authorised by the Fund, its Directors, or any of the appointed functionaries to issue any advertisement or to give any information or to make any representations in connection with the offering or sale of Shares other than those contained on this website and in the documents referred to herein and / or authorized by the Directors. In connection with any offer hereby made, and if given or made, such information or representations must not be relied upon as having been authorised by the Company, its Directors, or any of the appointed functionaries.

No Tax or Legal Advice Potential subscribers of Shares should inform themselves as to (a) the possible tax consequences, (b) the legal requirements and (c) any foreign exchange restrictions or exchange control requirements which they might encounter under the laws of the countries of their citizenship, residence, incorporation or domicile and which might be relevant to the subscription, holding, or disposal of Shares in the Fund.

It is the responsibility of any persons in possession of the Prospectus and any persons wishing to apply for Shares, for their own purposes or on behalf of others, to inform themselves of, and to observe and comply with, all applicable laws and regulations of any relevant jurisdiction. Prospective applicants for Shares should inform themselves as to the legal requirements of so applying and any applicable exchange control requirements and taxes in the countries of their nationality, residence or domicile.

Prospectus A copy of the Prospectus has been lodged with the Registrar of Companies in Malta, in accordance with the requirements of the Prospectus of Collective Investment Schemes Regulations. Applications for the purchase of Shares are accepted only on the basis of the current Prospectus.

Any person relying on the information contained in the Prospectus, which was current at the date shown, should check with the Company that this document is the most current version, and that no revisions or additions have been made nor corrections published to the information contained in the Prospectus since the date shown.

Statements made in the Prospectus, except where otherwise stated, are based on the law and practice currently in force in Malta and are subject to changes therein. Unless otherwise indicated specifically, investment in the Company should be regarded as a long-term investment. Your attention is drawn to the section headed “Risk Factors” of this Offering Documentation.

Any investments in the fund should be based on the full details contained in the Fund’s Offering Supplement Prospectus and Key Investor Information Document which may be downloaded from the Italo website.

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