Corporate or Business Profile

On May 9, 1991, FFI was incorporated as closed-end investment company.
FFI was registered on March 28, 1995 with the SEC under the Investment Company Act of 1960 or Republic Act No. 2629 (the “investment Company Act”). The investment of the Fund is to aim for long term capital appreciation through investment in a portfolio of high-grade Philippine equity issues and to a limited market extent, marketable fixed income instruments and prime real estate.
By September 27, 1995, FFI listed its shares with the Philippine Stock Exchange (“PSE”).
In November 2002, its shareholders approved the proposal to re-organize the company to provide shareholders with liquidity vehicle to cash in on their investment.
On March 14, 2003, the SEC approved the financial structuring of FFI. The post restructuring investment objective of FFI is to provide original FFI investors with a repackaged investment which would now have a more responsive net asset value per share which should correspond to an improved share price in the PSE.
By September 2003, a total of 67.51% of FFI’s total issued and outstanding shares was acquired by Vicsal Development Corporation (“VDC”), a holding company of the Metro Gaisano Group through a tender offer.
On March 31, 2004, the new FFI began trading. Since then, FFI remains listed and traded, though not actively nor liquid, in the PSE where its shares may be bought and sold through any of the PSE member stock brokers.