Terms and Conditions
The terms and conditions set out below apply to your use of the Company’s website. Please read them.
“The Company” means Chenavari Toro Income Fund Limited and any of its subsidiaries and related companies, and references to “the Company’s website” are to any of the Company’s websites and also include, but are not limited to, the text, images, links, sounds, graphics, and video sequences displayed on those websites (the “Materials”).
By clicking and entering www. torolimited.gg , you agree that you have read and accept these terms and conditions. If you do not agree, do not use www. torolimited.gg. The information in the Company’s website is only for the attention of the residents of jurisdictions where it can be lawfully disseminated. It is your responsibility to be aware of and to observe all applicable laws and regulations for your country of residence.
No information contained in these pages should be taken as a recommendation to buy, sell, or hold the shares of any entity. Nothing on the Company’s website or in the Materials constitutes or is intended to constitute financial or other advice and you should not act upon any information contained on the Company’s website or in the Materials without first consulting a financial or other professional adviser.
The Company’s website is not intended to offer or to promote the offer or sale of the shares in the Company (the “Shares”) in the United States or to US Persons.
The Company requires that all US Persons who acquire its securities be “qualified purchasers” as defined in Section 2(a)(51) and related rules of the Investment Company Act (“QPs”) regardless of how they acquire the securities. Accordingly, each acquirer of the securities will be deemed to represent that (i) it is either (a) a QP and is acting for its own account or the account of another QP, or (b) not a US Person and is acquiring the securities outside the United States in an “offshore transaction” meeting the requirements of Regulation S under the Securities Act; (ii) it understands that the Company may receive a list of all participants holding positions in its securities from one or more book-entry depositaries; and (iii) it will provide notice of these transfer restrictions to any subsequent transferees.
The Shares may not be acquired or held by, or transferred to, (i) an “employee benefit plan” as defined in Section 3(3) of the US Employee Retirement Income Security Act of 1974, as amended (“ERISA”), that is subject to Title I of ERISA; (ii) a “plan” as defined in Section 4975 of the US Internal Revenue Code of 1986, as amended (the “US Tax Code”), including an individual retirement account or other arrangement that is subject to Section 4975 of the US Tax Code; (iii) an entity which is deemed to hold the assets of any of the foregoing types of plans, accounts or arrangements that are subject to Title I of ERISA or Section 4975 of the US Tax Code; or (iv) a governmental, church, non-US or other employee benefit plan that is subject to any federal, state, local or non-US law that is substantially similar to the provisions of Title I of ERISA or Section 4975 of the US Tax Code, and whose purchase, holding, or disposition of the Shares would constitute or result in a non-exempt violation of any such substantially similar law.
Change of Name to Chenavari Toro Income Fund Limited
Please note that Toro Limited changed its name to Chenavari Toro Income Fund Limited from 15 November 2017. The TIDM remains TORO, and all other legal terms remain otherwise unaffected.