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					                SHORT-TERM INVESTMENTS COMPANY (GLOBAL SERIES) PLC
                                  (the “Company”)

                                 Addendum dated 1 January 2012
                                 to Prospectus dated 1 July 2011

This Addendum forms part of and should be read in the context of and in conjunction with the
Prospectus dated 1 July 2011 (the “Prospectus”) and following Supplements in respect of the
Portfolios (the “Supplements”), dated as follows:

Euro Liquidity Portfolio
Command Class Supplement dated 1 July 2011
Corporate Class Supplement dated 1 July 2011
Institutional Class Supplement dated 1 July 2011
Institutional Accumulation Supplement dated 1 July 2011
Reserve Class Supplement dated 1 July 2011
Select Class Supplement dated 1 July 2011

Sterling Liquidity Portfolio
Command Class Supplement dated 1 July 2011
Corporate Class Supplement dated 1 July 2011
Institutional Class Supplement dated 1 July 2011
Institutional Accumulation Supplement dated 1 July 2011
Select Class Supplement dated 1 July 2011

US Dollar Liquidity Portfolio
Command Class Supplement dated 1 July 2011
Corporate Class Supplement dated 1 July 2011
Institutional Class Supplement dated 1 July 2011
Institutional Accumulation Supplement dated 1 July 2011
Investor Class Supplement dated 1 July 2011
Reserve Class Supplement dated 1 July 2011
Select Class Supp dated 1 July 2011

US Dollar Treasury Portfolio
Command Class Supplement dated 13 July 2011
Corporate Class Supplement dated 13 July 2011
Institutional Class Supplement dated 1 July 2011
Reserve Class Supplement dated 13 July 2011
Select Class Supplement dated 13 July 2011

All information contained in the Prospectus and Supplements is deemed to be incorporated
herein.

The directors of the Company (the “Directors”) listed in the Prospectus and Supplements accept
responsibility for the information contained in this Addendum. To the best of the knowledge and belief
of the Directors (who have taken all reasonable care to ensure that such is the case) the information
contained in this Addendum is in accordance with the facts and does not omit anything likely to affect
the import of such information. The Directors accept responsibility accordingly.

Words and expressions not specifically defined herein shall bear the same meaning as that attributed
to them in the Prospectus and Supplements.

1.      The following shall be inserted in place of the description entitled “Manager” on the cover-page
        of the Prospectus and Supplements:

                                       Manager
                       INVESCO GLOBAL ASSET MANAGEMENT LIMITED




23717343.10
2.      The following shall be inserted in place of the description entitled “Directors:” in the “Directory”
        section of the Prospectus and Supplements:

Directors:
Oliver Carroll
Brian Collins
Benjamin Fulton
Karen Dunn Kelley
Carsten Majer
Cormac O’Sullivan
John Rowland
Leslie Schmidt


3.      The following shall be inserted in place of the description entitled “Manager:” in the “Directory”
        section of the Prospectus and Supplements:

Manager:
Invesco Global Asset Management Limited
1st Floor
George’s Quay House
43 Townsend Street
Dublin 2
Ireland

4.      The following shall be inserted in place of the description entitled “Manager’s Registered
        Office:” in the “Directory” section of the Prospectus and Supplements:

Manager’s Registered Office:
Invesco Global Asset Management Limited
1st Floor
George’s Quay House
43 Townsend Street
Dublin 2
Ireland


5.      The following shall be inserted in place of the description entitled “Manager” in the “Definitions”
        section of the Prospectus:

Manager                                             means Invesco Global Asset Management Limited

6.      The following shall be inserted in place of the description entitled “Company’s Registered
        Office:” in the “Directory” section of the Prospectus and Supplements:

Company’s Registered Office:
1st Floor
George’s Quay House
43 Townsend Street
Dublin 2
Ireland


7.      The following paragraphs shall be inserted at the end of the sixth paragraph of the sub-section
        entitled “The Board of Directors” in the section entitled “The Company” of the Prospectus:

“Oliver Carroll, FCCA (Irish), is Head of Financial Reporting at Invesco, with responsibility for Ireland
and continental Europe. Mr. Carroll joined Invesco in 1999 as a manager within the finance team in
Invesco Jersey, moving to Invesco Dublin in 2000. Over the following years he was responsible for
the centralisation of various processes and establishment of new teams in the Finance Department.


                                                     2
23717343.10
In 2006, he assumed the role of Head of Finance and was appointed a director. In 2007, he also
assumed responsibility for continental Europe. Prior to joining Invesco, Mr Carroll spent 5 years in
public practice in a range of auditing and taxation roles; including 2 years with
PriceWaterhouseCoopers. Mr Carroll is a fellow of the Charetered Association of Certified
Accountatnts.

Benjamin Fulton (United States) has over twenty three years’ experience in the financial industry
specialising in the areas of new product development and management and is currently the Managing
Director of Invesco PowerShares Capital Management LLC (“Invesco PowerShares”) since his
appointment in 2009. Prior to working with Invesco PowerShares he was a principal of Clermont
Consulting, a consulting firm focussed on the creation and development of retail investment products,
since late 2003. From 2001 until late 2003, Mr Fulton was a President, CEO and founding partner of
Claymore Securities, a financial services firm. In his capacity as President, he oversaw the
development and product management of all the firm’s product offerings, including closed-ended
funds, mutual funds, unit investment trusts, structured investments and hedge funds. Prior to founding
Claymore Securities, Mr Fulton was Managing Director of Structured Investments at Nuveen
Investments for over three years from mid-1998. His responsibilities included product development
and management for Nuveen Structured Investments and International Division. Under Mr Fulton’s
tenure, Nuveen Investments’ product line increased from a predominantly municipal bond focus to a
broad array of equity offerings. Before joining Nuveen Investments, Mr Fulton was Senior Vice
President of Product Development at Nike Securities L.P. His responsibilities included the expansion
of Nike’s unit investment trust product line. He has also served as a financial consultant for Thomson
McKinnon and Bear Stearns. Mr Fulton received a BA in Business Administration from Taylor
University in 1984.

Carsten Majer (German) is Chief Marketing Officer for Invesco Continental Europe and a member of
the Continental European Management Committee; direct responsibilities include marketing, PR and
product development strategies. Mr. Majer joined Invesco Kapitalanlagegesellschaft, Germany in
September 2001 and was appointed as Managing Director in November 2003. Before joining Invesco,
Mr. Majer held a number of senior management positions at Threadneedle Investments in
Luxembourg and London from 1996 to 2001. Mr. Majer first entered the fund management industry in
1992 working for Gamax in Germany.

John Rowland (British) is Managing Director responsible for Invesco’s worldwide Investment
Operations teams. Previous positions within Invesco include European Chief Operating Officer and
Global Head of Information Technology. He joined Invesco in April 2002. His experience in the funds
management industry spans over 20 years and was gained in various firms and locations. Before
joining Invesco, he was Global Head of IT for AXA Investment Managers based first in Paris and then
in London. Before that, he headed the technology function in National Mutual Funds Management of
Melbourne, Australia.”

8.      The sub-section entitled “The Manager” in the section entitled “Management and
        Administration” of the Prospectus shall be amended as follows:

“The Manager

The Manager is an indirect wholly-owned subsidiary of Invesco Ltd, a company incorporated in
Bermuda. The Manager was incorporated in Ireland on 23 January 1992 as a company limited by
shares. The issued share capital of the Manager is USD6.25 million and the authorised share capital
is USD10 million and the secretary of the Manager is Invesco Asset Management Limited. The
Manager is responsible, inter alia, for calculation of the net asset value of the Portfolio, world-wide
distribution of Shares of the Portfolio, all Shareholder communications and the handling of applications
and redemption orders. The Manager has been appointed by the Board to provide these services to
the Company and has delegated certain of its duties for the provision of these services to the
Administrator as described below. The Manager may, with the approval of the Central Bank and, in the
case of any Portfolio registered in Hong Kong, the SFC, delegate investment management, advisory
or distribution services in relation to the Company or any Portfolio as set forth below. The Manager
has delegated its discretionary investment management responsibilities for any Portfolio registered in
Hong Kong by the SFC to the relevant Investment Adviser(s) named in the Relevant Supplement.



                                                   3
23717343.10
The management agreement between the Manager and the Company, dated 28 September 1995 as
amended and supplemented from time to time thereafter, as novated by a Novation Agreement dated
1 December 2011 and as amended and restated immediately thereafter by a Management Agreement
dated 21 December 2011 (the “Management Agreement”), contains provisions governing the
responsibilities of the Manager and provides for its indemnification, subject to exclusions in the case of
negligence, wilful default, bad faith or fraud of or by the Manager in the performance or non-
performance of its duties, in the case of reckless disregard by the Manager of its duties and
obligations under the Management Agreement, and in the case of a breach by the Manager of the
Management Agreement. The Management Agreement shall continue in force until terminated by the
Manager on 90 days written notice, or upon immediate termination if either party (i) commits any
breach or persistent breaches of the Management Agreement which is either incapable of remedy or
has not been remedied within 30 days of the other party serving notice upon the defaulting party
requiring it to remedy same; (ii) is unable to perform its duties under this Agreement due to any
change in law or regulatory practice (iii) is unable to pay its debts as they fall due or otherwise
becomes insolvent or enters into any composition or arrangement with or for the benefit of its creditors
or any class thereof; (iv) is the subject of a petition for the appointment of an examiner, administrator,
trustee, official assignee or similar officer to it or in respect of its affairs or assets; (v) has a receiver
appointed over all or a substantial part of its undertakings, assets or revenues; (vi) is the subject of an
effective resolution for its winding up, except in relation to a voluntary winding up for the purposes of
reconstruction or amalgamation upon terms previously approved in writing by the other party; or, (vii)
is the subject of a court order for its winding up. The Company may terminate the Management
Agreement at any time by notice to the Manager in the event that the Manager is no longer permitted
by the Central Bank to perform its duties or exercise its powers under the Management Agreement.

The directors of the Manager are Oliver Carroll, Brian Collins, Benjamin Fulton, Karen Dunn Kelley,
Carsten Majer, Cormac O’Sullivan, John Rowland and Leslie Schmidt, each of whom also serves as a
Director of the Company.”

9.      The fifth paragraph of the sub-section entitled “Investment Advisers and Distributor” in the
        section entitled “Management and Administration” of the Prospectus shall be amended as
        follows:

“The Investment Advisory Agreement dated 9 October 1995, as amended from time to time and as
novated by a Novation Agreement dated 15 December 2011, between the Manager and Invesco
Advisers, Inc. and the Investment Advisory and Distribution Agreement dated 29 December 2000, as
amended from time to time and as novated by a Novation Agreement dated 12 December 2011,
between the Manager and Invesco Asset Management Limited, acting through Invesco Global
(collectively, the “Agreements”), each provide that in the absence of negligence, wilful default, bad
faith or fraud, the Investment Advisers shall not be liable to the Manager, the Company, the
Shareholders or to any other person for any act or omission of the Investment Advisers in the
performance of their respective obligations and duties thereunder.”

10.     The second paragraph of the sub-section entitled “The Administrator” in the section entitled
        “Management and Administration” of the Prospectus shall be amended as follows:

“The Manager has appointed the Administrator to provide fund administration services to the
Company pursuant to an Administration Agreement, dated 28 September 1995, as amended from
time to time and as novated by a Novation Agreement dated 15 December 2011 between the
Manager and the Administrator (the “Administration Agreement”). The day-to-day administrative
services provided to the Company by the Administrator include maintaining the Company’s books and
records, receiving and processing subscription and redemption orders, allotting and issuing Shares,
maintaining the Shareholder register, acting as transfer agent and assisting with the preparation of
annual and semi-annual reports of the Company. The Administrator’s responsibilities also include the
provision of fund accounting services, including the daily calculation of the Net Asset Value and the
Net Asset Value per Share.”

11.     The sub-section entitled “Material Contracts” under the section entitled “Statutory and General
        Information” of the Prospectus shall be replaced with the following:

“(a) management agreement dated 28 September 1995 between the Company and the Manager, as


                                                      4
23717343.10
amended and supplemented from time to time thereafter, as novated by a Novation Agreement dated
1 December 2011 and as amended and restated immediately thereafter by a Management Agreement
dated 21 December 2011;

(b) Administration Agreement between the Manager and BNY Fund Management (Ireland) Limited,
dated 28 September 1995, as amended and supplemented from time to time thereafter and as
novated by a Novation Agreement dated 15 December 2011;

(c) Custodian Agreement between the Company and Allied Irish Banks, p.l.c. dated 17 August 1998
as novated by an agreement between the Company, Allied Irish Banks, p.l.c. and AIB/BNY Trust
Company Limited dated 21 December 2001, and further amended by a First Supplemental Custodian
Agreement between the Company and BNY Trust Company (Ireland) Limited dated 9 February 2007;

(d) Investment Advisory and Distribution Agreement dated 29 December 2000 between the Manager
and Invesco Asset Management Limited, acting through its division Invesco Aim, now known as
Invesco Global Cash Management, as amended by an Amendment Agreement dated 13 August 2008
and as novated by a Novation Agreement dated 12 December 2011;

(e) Investment Advisory Agreement between the Manager and Invesco Aim Capital Management, Inc.
dated 9 October 1995, as amended by Supplemental Investment Advisory Agreements dated 17
August 1998, 9 February 2007, 13 August 2008 and 23 July 2010 and as novated by a Novation
Agreement dated 15 December 2011; and

(f) Shareholder Service Agreements between the Company and the Manager dated 3 September
1998 and 28 September 1995, as novated by a Novation Agreement dated 1 December 2011.”

12.     The first paragraph of the section of the Supplements entitled “Introduction” shall be deleted in
        its entirety and replaced with the following:

“The assets of the Portfolio are actively managed by Invesco Advisers, Inc. of Atlanta, Georgia and
Invesco Global Cash Management (a division of Invesco Asset Management Limited) which have
been appointed as investment advisers (collectively the “Investment Advisers”) by Invesco Global
Asset Management Limited (the “Manager”). The Manager is a fund management company
incorporated in Ireland and regulated by the Central Bank. Both Investment Advisers are members of
the Invesco Ltd. (“Invesco”) group”




                                                   5
23717343.10
                                                SUPPLEMENT DATED 1 JULY 2011
This Supplement contains information relating to the Reserve Class of Shares of the US Dollar Treasury Portfolio (the “US
Dollar Treasury Portfolio” or the “Portfolio”), a separate portfolio of assets of Short-Term Investments Company (Global Series)
plc (the “Company”). This Supplement forms part of the Prospectus and should be read in conjunction with the general description
of the Company contained in the Prospectus for the Company dated 1 July 2011 (the “Prospectus”). All information (including
definitions) contained in the Prospectus is deemed to be incorporated herein. To the extent that there is any inconsistency
between this Supplement and the Prospectus, this Supplement shall prevail.




                                  SUPPLEMENT TO PROSPECTUS

                                         SHORT-TERM INVESTMENTS COMPANY
                                                (GLOBAL SERIES) PLC
        (An umbrella fund with segregated liability between sub-funds incorporated under the laws of Ireland as an investment company
           with variable capital and authorised and regulated by the Central Bank as a UCITS pursuant to the European Communities
                (Undertakings for Collective Investment in Transferable Securities) Regulations 2003, as amended or replaced)




                                          US DOLLAR TREASURY PORTFOLIO
                                                  (Reserve Class)



                                                    Manager
                                     INVESCO MANAGEMENT COMPANY LIMITED
                                                   Distributor
                                       INVESCO GLOBAL CASH MANAGEMENT




The Directors accept responsibility for the information contained in this document as being accurate as at the date hereof on the basis that to
the best of the knowledge and belief of the Directors (who have taken all reasonable care to ensure that such is the case), the information
contained in this document is in accordance with the facts and does not omit anything likely to affect the import of such information.

Shares for the Reserve Class of the US Dollar Treasury Portfolio series of Shares are admitted to the Official List and to trading on the Main
Securities Market of the Irish Stock Exchange and dealings commenced on 21 August 2008.

At the date of this Supplement the Company has also established a US Dollar Liquidity Portfolio, a Sterling Liquidity Portfolio and a Euro
Liquidity Portfolio.
Directory
Directors:                                           Distributor:
Brian Collins                                        Invesco Global Cash Management
Karen Dunn Kelley                                    (A division of Invesco Asset Management Limited)
Leslie Schmidt                                       30 Finsbury Square
Cormac O’Sullivan                                    London EC2A 1AG
                                                     England

Manager:                                             Custodian:
Invesco Management Company Limited                   BNY Mellon Trust Company (Ireland) Limited
70 Sir John Rogerson’s Quay                          Harcourt Building
Dublin 2                                             Harcourt Street
Ireland                                              Dublin 2
                                                     Ireland

Manager’s Registered Office:                          Custodian’s Registered Office:
70 Sir John Rogerson’s Quay                          Guild House
Dublin 2                                             Guild Street
Ireland                                              International Financial Services Centre
                                                     Dublin 1
                                                     Ireland

Investment Advisers:                                 Administrator and Registrar:
Invesco Advisers, Inc.                               BNY Mellon Fund Services (Ireland) Limited
1555 Peachtree Street, N.E.,                         Guild House
Atlanta, Georgia, 30309                              Guild Street
United States                                        International Financial Services Centre
                                                     Dublin 1
                                                     Ireland

Invesco Global Cash Management                       Sponsoring Irish Stock Exchange Broker:
(A division of Invesco Asset Management Limited)     J & E Davy
30 Finsbury Square                                   Davy House
London EC2A 1AG                                      49 Dawson Street
England                                              Dublin 2
                                                     Ireland

Legal Advisers:                                      Auditors:
Matheson Ormsby Prentice                             KPMG
70 Sir John Rogerson’s Quay                          Chartered Accountants
Dublin 2                                             1 Stokes Place
Ireland                                              Dublin 2
                                                     Ireland

Secretary to the Company and the Manager:            Company’s Registered Office:
Matsack Trust Limited                                70 Sir John Rogerson’s Quay
70 Sir John Rogerson’s Quay                          Dublin 2
Dublin 2                                             Ireland
Ireland




                                                   S-2
                                           Short-Term Investments Company (Global Series) plc
                                                        Supplement to Prospectus
                                                           Dated 1 July 2011



TABLE OF CONTENTS
Section                                                                                                                                             Page
Introduction.....................................................................................................................................    S-4

Investment Objective .......................................................................................................................         S-4

Description of Securities ..................................................................................................................         S-4

Portfolio Investment Techniques .......................................................................................................              S-4

Investment Restrictions ...................................................................................................................          S-6

Determination of Net Asset Value.....................................................................................................                S-9

Risks of Investment .........................................................................................................................        S-9

Subscription for Shares .................................................................................................................... S-10

Redemption of Shares ...................................................................................................................... S-11

Dividends and Distributions .............................................................................................................. S-11

Fees and Expenses ........................................................................................................................... S-11




                                                                          S-3
                                      Short-Term Investments Company (Global Series) plc
                                                   Supplement to Prospectus
                                                      Dated 1 July 2011



INTRODUCTION
The assets of the Portfolio are actively managed by Invesco           The Portfolio has been assigned an AAAm rating from Standard &
Advisers, Inc. of Atlanta, Georgia, and Invesco Global Cash           Poor’s.
Management (a division of Invesco Asset Management Limited)
                                                                      The profile of a typical investor in this Portfolio would include a
which have been appointed as investment advisers (collectively
                                                                      corporate treasurer or institutional investor looking to invest
the “Investment Advisers”) by Invesco Management Company
                                                                      short term liquid cash with:
Limited (the “Manager”). The Manager is a fund management
company incorporated in Ireland and regulated by the Central          ●   High credit quality;
Bank. Both Investment Advisers are members of the Invesco Ltd.
group.                                                                ●   Same day liquidity; and

The Manager has appointed BNY Mellon Fund Services (Ireland)          ●   A daily yield competitive with the US Dollar interbank
Limited (the “Administrator”) to act as administrator, transfer           overnight market rate.
agent and registrar of the Company, including the Portfolio, and
                                                                      The WAM of the Portfolio’s investments will not exceed 60 days
to provide shareholder services, fund accounting and Net Asset
                                                                      and the WAL of the Portfolio’s investments will not exceed 120
Value calculations for the Company in respect of the Portfolio.
                                                                      days. The calculation of both the WAL and the WAM will take into
The Company has appointed BNY Mellon Trust Company (Ireland)
                                                                      account the impact of deposits and any efficient portfolio
Limited (the “Custodian”) to act as custodian to the Company and
                                                                      management techniques used by the Portfolio. The Portfolio is
the Custodian has appointed The Bank of New York Mellon as
                                                                      classified as a Short Term Money Market Fund.
global sub-custodian.

The Manager has also appointed Invesco Global Cash                    DESCRIPTION OF SECURITIES
Management as the distributor (the “Distributor”) responsible for
the sale and promotion of the Shares. Invesco Global Cash             Subject to the requirements of the UCITS Regulations, the
Management has in turn appointed sub-distributors (“Sub-              Portfolio may invest in direct obligations of the US Treasury. Such
Distributors”) who are responsible for the sales and distribution     direct obligations shall include, without limitation, bills, notes
of Shares in their respective geographic areas.                       (including floating rate notes and medium-term notes), bonds and
                                                                      “stripped” or “zero coupon” US Treasury obligations representing
                                                                      future interest or principal payments on US Treasury notes or
INVESTMENT OBJECTIVE                                                  bonds. These types of instruments and obligations are
The investment objective of the Portfolio is to maximise current      collectively referred to as “Relevant Obligations” and will meet
income consistent with the preservation of principal and liquidity    the criteria applicable to an Eligible Security.
and to aim to provide a return in line with money market rates.
                                                                      Floating Rate Notes – bonds which have a variable coupon rate
The Portfolio aims to provide as high a level of current income in    that resets against a money market reference plus a spread.
US Dollars as is consistent with the preservation of principal and
                                                                      Medium-Term Notes – unsecured, continuously offered corporate
liquidity by investing in direct obligations of the US Treasury
                                                                      debt obligations with maturities ranging from nine months and
considered by the Investment Advisers to be of high quality and
                                                                      longer, which may be fixed or floating rate.
which comply with the criteria for money market instruments as
set out in the UCITS Regulations. To determine “high quality”, the    The Investment Advisers reserve the right to invest in Relevant
Investment Advisers will take into account at least the following     Obligations other than those listed above where the Investment
factors:                                                              Advisers are satisfied that such Relevant Obligations are
                                                                      consistent with the investment objective and policies of the
(i) the credit quality of the instrument, (a money market
                                                                      Portfolio. Where the Portfolio is invested in other Relevant
    instrument will not be considered to be of high quality unless
                                                                      Obligations, details of those Relevant Obligations will be
    it has been awarded one of the two highest available short-
                                                                      contained in the annual and semi-annual reports sent to
    term credit ratings by each RSRO that has rated the
                                                                      Shareholders.
    instrument, or, if the instrument is not rated, it is of an
    equivalent quality as determined by the Investment
    Advisers). Credit quality will be monitored on an ongoing         PORTFOLIO INVESTMENT TECHNIQUES
    basis;
                                                                      The Company may employ investment techniques and
(ii) the nature of the asset class represented by the instrument;     instruments for efficient portfolio management of the assets of
                                                                      the Portfolio under the conditions and within the limits stipulated
(iii) the operational and counterparty risk, in the case of           by the Central Bank under the UCITS Regulations and described
      structured financial instruments;                               below.
(iv) the liquidity profile.                                           The techniques and instruments referred to below may be utilised
The Investment Adviser believes that its investment practices         by the Company with the aim of reducing risk or cost for the
and disciplined approach to investment in direct obligations of       Portfolio.
the US Treasury will enable the Portfolio to achieve its stated
policy, although this cannot be guaranteed.

                                                                    S-4
                                          Short-Term Investments Company (Global Series) plc
                                                       Supplement to Prospectus
                                                          Dated 1 July 2011



PORTFOLIO INVESTMENT TECHNIQUES                                            International Central Depositary System will be disclosed in the
                                                                           Company’s periodic reports.
(continued)
                                                                           Non-cash collateral:
REPURCHASE AGREEMENTS/REVERSE
REPURCHASE AGREEMENTS AND STOCK                                            (i) cannot be sold, pledged or re-invested;
LENDING ARRANGEMENTS
                                                                           (ii) must be held at the risk of the counterparty;
The Portfolio may enter into repurchase agreements, reverse
                                                                           (iii) must be issued by an entity independent of the counterparty;
repurchase agreements and stock lending arrangements for the
                                                                                 and
purposes of efficient portfolio management. Under a repurchase
agreement, the Portfolio acquires securities from a seller (for            (iv) must be diversified to avoid concentration in one issue, sector
example, a bank or securities dealer) who agrees, at the time of                or country.
sale, to repurchase the securities at a mutually agreed-upon date
(usually not more than seven days from the date of purchase) and           Cash received as collateral may not be invested other than in the
price, thereby determining the yield to the Portfolio during the           following:
term of the repurchase agreement. The resale price reflects the            (i) deposits with Relevant Institutions;
purchase price plus an agreed upon market rate of interest which
is unrelated to the coupon rate or maturity of the purchased               (ii) government or other public securities;
security. The Portfolio may enter into reverse repurchase
                                                                           (iii) certificates of deposit issued by Relevant Institutions;
agreements under which it sells a security and agrees to
repurchase it at a mutually agreed upon date and price. A                  (iv) letters of credit with a residual maturity of three months or
Portfolio may lend its securities to brokers, dealers and other                 less, which are unconditional and irrevocable and which are
financial institutions.                                                         issued by Relevant Institutions;
Subject to the UCITS Regulations, a Portfolio may enter into               (v) repurchase agreements provided collateral received falls
repurchase agreements, reverse repurchase agreements (“repo                    under categories (i)-(iv) and (vi) of this paragraph; and
contracts”) and stock lending only in accordance with normal
market practice and provided that collateral obtained under the            (vi) daily dealing money market funds which have and maintain a
repo contract or stock lending arrangement must at all times                    rating of AAA or its equivalent from an internationally
meet with the following criteria: (i) Liquidity: collateral must be             recognised rating agency. If investments are made in a linked
sufficiently liquid in order that it can be sold quickly at a robust            fund, being a collective investment scheme that is managed,
price that is close to its pre-sale valuation; (ii)Valuation: collateral        directly or delegation, by the Manager or by any other
must be capable of being valued on at least a daily basis and must              company with which the Manager is linked by common
be marked to market daily; (iii) Issuer credit quality: where the               management or control, or by a substantial direct or indirect
collateral issuer is not rated A1 or equivalent, conservative                   holding, no subscription, conversion or redemption charge
haircuts must be applied. A Portfolio may only enter into repo                  can be made by the underlying money market fund.
contracts and stock lending arrangements with counterparties               Invested cash collateral held at the risk of the Company, other
which have a minimum credit rating of A2 or equivalent, or must            than cash collateral invested in government or other public
be deemed by the Company to have an implied rating of A2 or                securities or money market funds, must be invested in a
better. Alternatively, an unrated counterparty is acceptable               diversified manner and cannot result in a change to the relevant
where the Portfolio is indemnified or guaranteed against losses            Portfolio’s declared investment objective or add substantial
suffered as a result of a failure by the counterparty, by an entity        supplementary risks in comparison to the general risk policy as
which has and maintains a rating of A2 or equivalent.                      described in its sales documents. The Company must be satisfied,
Until the expiry of a repo contract, or stock lending arrangement,         at all times, that any investment of cash collateral will enable it to
the collateral obtained under such contracts or arrangements: (a)          meet with its repayment obligations. Invested cash collateral may
must equal or exceed, in value, at all times, the value of the             not be placed on deposit with, or invested in securities issued by,
amount invested or securities loaned; (b) must be transferred to           the counterparty or a related entity.
the Custodian, or its agent; and (c) must be immediately available         Any interest or dividends paid on securities which are the subject
to the Company without recourse to the counterparty in the event           of such stock lending arrangements shall accrue to the benefit of
of default by that entity. The requirement in (b) is not applicable        the relevant Portfolio.
in the event that the Company uses tri-party collateral
management services of International Central Securities                    A Portfolio must have the right to terminate the stock lending
Depositaries or Relevant Institutions which are generally                  arrangement at any time and demand the return of any or all of
recognised as specialists in this type of transaction. The                 the securities loaned. The arrangement must provide that, once
Custodian must be a named participant to the collateral                    such notice is given, the borrower is obligated to redeliver the
arrangements. Notwithstanding the provisions of paragraph (b), a           securities within 5 business days or other period as normal
Company may enter into stock lending programmes organised by               market practice dictates. Stock lending arrangements will
generally recognised International Central Securities                      typically include provisions to protect the counterparty, or any
Depositaries Systems provided that the programme is subject to             agent through which securities are lent, against any losses
a guarantee from the system operator. The name of such                     incurred by them that are caused by any default by the Company.


                                                                       S-5
                                       Short-Term Investments Company (Global Series) plc
                                                    Supplement to Prospectus
                                                       Dated 1 July 2011



PORTFOLIO INVESTMENT TECHNIQUES                                        commitment approach, details of which are contained in the
                                                                       statement of risk management process adopted by the Company
(continued)                                                            The Company, will on request, provide supplementary information
Repo contracts, stock borrowing or stock lending arrangements          to Shareholders in the Portfolio relating to any risk management
do not constitute borrowing or lending for the purposes of the         methods to be employed by the Portfolio, including the
UCITS Regulations.                                                     quantitative limits that are applied, and any recent developments
                                                                       in the risk and yield characteristics of the main categories of
BORROWING MONEY                                                        investments.

The Portfolio may only borrow money from banks or sell                 The Company intends to only use FDI of a nature similar to those
securities under a repurchase transaction for temporary or             described below as investment techniques or instruments for
defensive purposes, such as to facilitate the orderly sale of          efficient portfolio management of the Portfolio.
Portfolio assets to accommodate abnormally heavy redemption            The total exposure of the Portfolio, including, but not limited to,
requests should they occur. The Portfolio will sell securities under   its exposure from the use of any FDI, must not exceed the total
a repurchase transaction when the interest income to be earned         Net Asset Value of the Portfolio.
from the securities that would otherwise need to be liquidated to
meet redemption requests is greater than the interest expense of
the repurchase transaction.                                            INVESTMENT RESTRICTIONS
                                                                       The assets of the Portfolio will be invested in accordance with the
DELAYED DELIVERY AND WHEN-ISSUED                                       investment restrictions set out below. These restrictions, as
SECURITIES                                                             adopted by the Board of Directors, include both certain
In managing the investments of the Portfolio the Investment            restrictions specific to the Portfolio and the restrictions
Advisers may indicate to dealers or issuers their interest in          contained in the UCITS Regulations (the latter as summarised
acquiring certain securities for the Portfolio for settlement          below under “General UCITS Investment Restrictions”). Given the
beyond a customary settlement date thereafter. In some cases,          investment policy of the Portfolio, not all of the restrictions set
the Portfolio may agree to purchase such securities at stated          out under “General UCITS Investments Restrictions” will be
prices and yields (in such cases, these securities are considered      relevant to the Portfolio, however, the Portfolio shall nevertheless
“delayed delivery” securities when traded in the secondary             be bound by such restrictions. It is intended that the Portfolio
market, or “when-issued” securities if they are an initial issue of    should have the power to avail itself of any change in the UCITS
securities). Since such transactions are designed to facilitate the    Regulations which would permit investment in assets and
acquisition of investments and are not for the purpose of              securities on a less restrictive basis than currently applies under
investment leverage, the amount of delayed delivery or when-           the UCITS Regulations.
issued securities involved may not exceed the estimated amount         The Board of Directors has adopted the following investment
of funds available for investment on the settlement date. Until the    restrictions for the Portfolio in addition to the investment
settlement date, assets of the Portfolio with a value sufficient at    restrictions referred to below under “General UCITS Investment
all times to make payment for the delayed delivery or when-            Restrictions”. To the extent that certain of the restrictions
Issued securities will be segregated on the records of the             described below are more restrictive than those described under
Custodian. The total amount of such segregated assets relevant         “General UCITS Investments Restrictions”, the following shall
to delayed delivery and when-Issued securities may not exceed          apply:
25% of the Portfolio’s net assets. The delayed delivery securities
(which will not begin to accrue interest until the settlement date)    (i) The Portfolio will not invest in securities, instruments or
and the when-issued securities will be recorded as assets of the           obligations other than those which have a residual maturity of
Portfolio and will be subject to the risks of market value                 up to and including 397 days. The Portfolio will maintain a
fluctuations. The purchase price of the delayed delivery and               WAM of no more than 60 days and will maintain a WAL of no
when-issued securities will be recorded as a liability of the              more than 120 days.
Portfolio until settlement date.
                                                                       (ii) Subject to paragraph (iii) below, the Portfolio will not purchase
The Investment Advisers may also transact sales of securities on            or acquire Relevant Obligations of any one issuer (including in
a forward commitment basis. In such a transaction, an                       the aggregate securities issued by, and deposits held in, a
Investment Adviser agrees on behalf of the Portfolio to sell                single bank) if more than 5% of the value of the Portfolio’s net
securities at a future date at specified prices and yields. The             assets would be invested in such Relevant Obligations.
Portfolio will not engage in short sales.
                                                                       (iii) Notwithstanding paragraph (ii) above the Portfolio may invest
                                                                             up to 100% of its net assets in US Government direct
USE OF FDI                                                                   obligations and US Government agency securities.
The Company employs a risk management process which enables            (iv) The Portfolio will not take legal or management control of any
it to accurately measure, monitor and manage the various risks              underlying issuer.
associated with any use of FDI. The Company will only use FDI
which are specified in the risk management process cleared by          (v) The Portfolio will not engage in short sales.
the Central Bank. FDI will be used for the purposes of managing
short-term liquidity. Global exposure is measured using the
                                                                   S-6
                                        Short-Term Investments Company (Global Series) plc
                                                     Supplement to Prospectus
                                                        Dated 1 July 2011



INVESTMENT RESTRICTIONS (continued)                                             (a) the securities are issued with an undertaking to
                                                                                    register with the US Securities and Exchanges
(vi) The Portfolio will limit its activities with respect to borrowing              Commission within one year of issue; and
     for temporary purposes so that the aggregate amount subject
     to such transactions does not exceed 10% of its net assets                 (b) the securities are not illiquid securities i.e. they may
     and will not engage in such practices for purposes of gearing                  be realised by the Portfolio within seven days at the
     or leveraging the Portfolio.                                                   price, or approximately at the price, at which they
                                                                                    are valued by the Portfolio.
(vii) The Portfolio will limit its activities with respect to selling
      securities under a repurchase transaction for temporary or           (iii) The Portfolio may invest no more than 10% of net assets
      defensive purposes so that the aggregate amount                            in Transferable Securities or Money Market Instruments
      outstanding in respect of such repurchase transactions and                 issued by the same body provided that the total value of
      borrowings shall not exceed 25% of its net assets. The                     Transferable Securities and Money Market Instruments
      Portfolio will not engage in such practices for purposes of                held in the issuing bodies in each of which it invests more
      gearing or leveraging.                                                     than 5% is less than 40%.

The investment restrictions adopted by the Board cannot be                 (iv) Subject to the prior approval of the Central Bank, the
changed at any time without the prior approval of the Central                   limit of 10% in b(iii), is raised to 25% in the case of bonds
Bank. The Manager and the Investment Advisers will monitor the                  that are issued by a credit institution which has its
investments of the Portfolio to ensure adherence to the                         registered office in a Member State and is subject by law
investment restrictions described above.                                        to special public supervision designed to protect bond-
                                                                                holders. If the Portfolio invests more than 5% of its net
GENERAL UCITS INVESTMENT RESTRICTIONS                                           assets in these bonds issued by one issuer, the total
                                                                                value of these investments may not exceed 80% of the
(a) Subject to paragraph (b) below the Portfolio may invest in:                 net asset value of the Portfolio.
    (i)   Transferable Securities and Money Market Instruments,
          as prescribed in the UCITS Notices, which are either             (v) The limit of 10% in b(iii) is raised to 35% if the
          admitted to official listing on a Recognised Market in a             Transferable Securities or Money Market Instruments are
          Member State or non Member State or which are dealt on               issued or guaranteed by a Member State or its local
          a market which is regulated, operates regularly, is                  authorities or by a non Member State or public
          recognised and open to the public in a Member State or               international body of which one or more Member States
          non Member State;                                                    are members.

    (ii) recently issued Transferable Securities which will be             (vi) The Transferable Securities and Money Market
         admitted to official listing on a Recognised Market within             Instruments referred to in b(iv) and b(v) shall not be
         a year;                                                                taken into account for the purpose of applying the limit
                                                                                of 40% referred to in b(iii).
    (iii) Money Market Instruments, as defined in the UCITS
          Notices, other than those dealt on a Recognised Market;          (vii) The Portfolio may not invest more than 20% of net assets
                                                                                 in deposits made with the same credit institution.
    (iv) Units of UCITS which are also Short-Term Money Market                   Deposits with any one credit institution, other than (i) a
         Funds;                                                                  credit institution authorised in the European Economic
                                                                                 Area (the “EEA”) (Member States, Norway, Iceland,
    (v) units of non-UCITS as set out in the Central Bank’s
                                                                                 Liechtenstein), (ii) a credit institution authorised within a
        Guidance Note 2/03 and which are also Short-Term
                                                                                 signatory state (other than an EEA Member State) to the
        Money Market Funds;
                                                                                 Basle Capital Convergence Agreement of July 1988
    (vi) deposits with credit institutions as prescribed in the                  (Switzerland, Canada, Japan, United States of America)
         UCITS Notices; and                                                      or (iii) a credit institution authorised in Jersey, Guernsey,
                                                                                 the Isle of Man, Australia or New Zealand, held as
    (vii) FDI as prescribed in the UCITS Notices.                                ancillary liquidity, must not exceed 10% of net assets.
(b) Investment Restrictions                                                      This limit may be raised to 20% in the case of deposits
    (i)   The Portfolio may invest no more than 10% of net assets                made with the Custodian.
          in Transferable Securities and Money Market Instruments
                                                                           (viii) Notwithstanding paragraphs b(iii) and b(vii) above, a
          other than those referred to in paragraph (a);
                                                                                  combination of two or more of the following issued by, or
    (ii) The Portfolio may invest no more than 10% of net assets                  made or undertaken with, the same body may not exceed
         in recently issued Transferable Securities which will be                 20% of net assets:
         admitted to official listing on a Recognised Market within
                                                                                (a) investments in Transferable Securities or Money
         a year. This restriction will not apply in relation to
                                                                                    Market Instruments; and/or
         investment by the Portfolio in certain US securities
         known as Rule 144A securities provided that:                           (b) deposits.




                                                                     S-7
                                          Short-Term Investments Company (Global Series) plc
                                                       Supplement to Prospectus
                                                          Dated 1 July 2011



INVESTMENT RESTRICTIONS (continued)                                                 gross amount of the debt securities or of the Money
                                                                                    Market Instruments, or the net amount of the securities
   (ix) The limits referred to in b(iii), b(iv), b(v), b(vii), and b(viii)          in issue cannot be calculated.
        above may not be combined, so that exposure to a single
        body shall not exceed 35% of net assets.                               (iv) c(i) and c(ii) shall not be applicable to:

   (x) Group companies are regarded as a single issuer for the                      (a) Transferable Securities and Money Market
       purposes of b(iii), b(iv), b(v), b(vii), and b(viii). However, a                 Instruments issued or guaranteed by a Member State
       limit of 20% of net assets may be applied to investment                          or its local authorities;
       in Transferable Securities and Money Market Instruments
                                                                                    (b) Transferable Securities and Money Market
       within the same group.
                                                                                        Instruments issued or guaranteed by a non Member
   (xi) The Portfolio may invest up to 100% of net assets in                            State;
        different Transferable Securities and Money Market
                                                                                    (c) Transferable Securities and Money Market
        Instruments issued or guaranteed by a Member State, its
                                                                                        Instruments issued by public international bodies of
        local authorities, non Member States or public
                                                                                        which one or more Member States are members;
        international body of which one or more Member States
        are members.                                                                (d) shares held by the Portfolio in the capital of a
                                                                                        company incorporated in a non Member State which
         The individual issuers must be listed in the Prospectus
                                                                                        invests its assets mainly in the securities of issuing
         and may be drawn from the following list:
                                                                                        bodies having their registered offices in that State,
         OECD Governments (provided the relevant issues are                             where under the legislation of that State such a
         investment grade), Government of Singapore, European                           holding represents the only way in which the
         Investment Bank, European Bank for Reconstruction and                          Portfolio can invest in the securities of issuing bodies
         Development, International Finance Corporation,                                of that State. This waiver is applicable only if in its
         International Monetary Fund, Euratom, The Asian                                investment policies the company from the non
         Development Bank, European Central Bank, Council of                            Member State complies with the limits laid down in
         Europe, Eurofima, African Development Bank,                                    b(iii) to b(x), c(i), c(ii), and c(iv) and provided that
         International Bank for Reconstruction and Development                          where these limits are exceeded, paragraphs c(iv)
         (The World Bank), The Inter American Development                               and c(v) below are observed;
         Bank, European Union, Federal National Mortgage
                                                                                    (e) shares held by an investment company or investment
         Association (Fannie Mae), Federal Home Loan Mortgage
                                                                                        companies in the capital of subsidiary companies
         Corporation (Freddie Mac), Government National
                                                                                        carrying on only the business of management, advice
         Mortgage Association (Ginnie Mae), Student Loan
                                                                                        or marketing in the country where the subsidiary is
         Marketing Association (Sallie Mae), Federal Home Loan
                                                                                        located, in regard to the repurchase of units at unit-
         Bank, Federal Farm Credit Bank, Tennessee Valley
                                                                                        holders’ request exclusively on their behalf.
         Authority and Straight-A Funding LLC.
                                                                               (iv) The Portfolio need not comply with the investment
         The Portfolio must hold securities from at least 6
                                                                                    restrictions herein when exercising subscription rights
         different issues, with securities from any one issue not
                                                                                    attaching to Transferable Securities or Money Market
         exceeding 30% of its net assets.
                                                                                    Instruments which form part of their assets.
(c) General Provisions
                                                                               (v) If the limits laid down herein for reasons beyond the
   (i)   The Portfolio may not invest in other CIS unless those
                                                                                   control of the Directors, or as a result of the exercise of
         CIS are also Short-Term Money Market Funds.
                                                                                   subscription rights, the Portfolio must adopt as a priority
   (ii) The Company or the Manager may not acquire any shares                      objective for its sales transactions the remedying of that
        carrying voting rights which would enable it to exercise                   situation, taking due account of the interests of the
        significant influence over the management of an issuing                    Shareholders.
        body.
                                                                               (vi) Neither the Company, nor the Manager will carry out
   (iii) The Portfolio may acquire no more than:                                    uncovered sales of:

         (a) 10% of the non-voting shares of any single issuing                     (a) Transferable Securities;
             body;
                                                                                    (b) Money Market Instruments;
         (b) 10% of the debt securities of any single issuing body;
                                                                                    (c) units of CIS; or
         (c) 25% of the units of any single CIS; or
                                                                                    (d) FDI.
         (d) 10% of the Money Market Instruments of any single
                                                                               (vii) The Portfolio may hold ancillary liquid assets.
             issuing body.

         The limits laid down in c(ii)(b), (c) and (d) above may be
         disregarded at the time of acquisition if at that time the

                                                                         S-8
                                       Short-Term Investments Company (Global Series) plc
                                                    Supplement to Prospectus
                                                       Dated 1 July 2011



INVESTMENT RESTRICTIONS (continued)                                   made by an investment company with identical investments
                                                                      utilising available indications as to market value to value its
(d) Financial Derivative Instruments                                  portfolio assets. (Please see the “Determination of Net Asset
   (i)   The Portfolio’s global exposure (as prescribed in the        Value” section in the Prospectus).
         UCITS Notices) relating to FDI must not exceed its total
         net asset value.                                             The Manager, on the advice of the Investment Advisers, will
                                                                      endeavour to maintain the Net Asset Value per Share of this Class
   (ii) Position exposure to the underlying assets of FDI,            at US$1, although there can be no assurance that the Portfolio
        including embedded FDI in Transferable Securities or          will be able to maintain a stable Net Asset Value per Share of
        Money Market Instruments, when combined where                 US$1 for this Class.
        relevant with positions resulting from direct
        investments, may not exceed the investment limits set         The Net Asset Value per Share of this Class will be determined as
        out in the UCITS Notices. (This provision does not apply      of 5.00 pm New York time (or such other time determined by the
        in the case of index based FDI provided the underlying        Investment Advisers with prior notification to Shareholders and
        index is one which meets with the criteria set out in the     the Custodian) (the “Dealing Deadline”) each day (a “Business
        UCITS Notices).                                               Day”) (other than Saturday, Sunday, a day on which banks in New
                                                                      York City are closed or a day determined by the Investment
   (iii) The Portfolio will not invest in FDI dealt in over-the-      Advisers on prior notice to Shareholders and the Custodian to be
         counter.                                                     a non-Business Day). The determination will be performed in
   (iv) Investment in FDI is subject to the conditions and limits     accordance with the valuation provisions referred to above. The
        laid down by the Central Bank.                                Net Asset Value per Share of this Class is determined by
                                                                      subtracting the liabilities allocated to the Class from the assets
   Without limitation, the Directors, in accordance with the          allocated to the Class and dividing the result by the total number
   requirements of the Central Bank, may adopt additional             of Shares outstanding of the Class and by rounding the resulting
   investment restrictions to facilitate the distribution of Shares   amount to the nearest one US cent. Among other items, the
   to the public in a particular jurisdiction. In addition, the       Portfolio’s liabilities for these purposes include accrued expenses
   investment restrictions may be changed from time to time by        and dividends payable, and its total assets include the value of
   the Directors in accordance with a change in the applicable        the portfolio securities, cash and other assets (including interest
   law and regulations in any jurisdiction in which Shares are        accrued but not collected).
   currently offered, provided that the assets of the Portfolio, at
   all times, will be invested in accordance with the restrictions
   on investments set out in the UCITS Regulations. The
                                                                      RISKS OF INVESTMENT
   Company will not amend such investment restrictions except
   in accordance with the requirements of the Central Bank and        GENERAL
   of the Irish Stock Exchange for as long as the Shares are          Investors in this Class should understand that all investments
   admitted to the Official List and to trading on the Main           involve risk and that there can be no guarantee against loss
   Securities Market of the Irish Stock Exchange.                     resulting from an investment in the Portfolio nor can there be any
   The investment restrictions adopted by the Board cannot be         assurance that the Portfolio’s investment objective will be
   changed at any time without the prior approval of the Central      attained. Thus the value of Shares could vary and the income
   Bank. The Manager and the Investment Advisers will monitor         from the investment may fall as well as rise. Also, investors may
   the investments of the Portfolio to ensure adherence to the        not receive back the amount invested. The primary risks to which
   investment restrictions described above.                           the Portfolio will be subject are changes in the liquidity of the
                                                                      Portfolio’s investments, changes in the credit quality of issuers of
                                                                      securities held by the Portfolio and dramatic shifts in global
DETERMINATION OF NET ASSET VALUE                                      interest rates applicable to Relevant Obligations.

VALUATION OF PORTFOLIO SECURITIES                                     Changes in global interest rates may affect the value of the
                                                                      Relevant Obligations in which the Portfolio invests. In particular,
The Relevant Obligations held by the Portfolio will be valued on an   cash realised on the maturity of Relevant Obligations during
amortised cost basis for the purpose of stabilising the Net Asset     periods of declining interest rates will be reinvested at lower
Value per Share of this Class at US$1. This method values a           yields. In addition, the value of the assets of the Portfolio may be
security or instrument at its cost on the date of purchase and        affected by uncertainties such as changes in government policies,
thereafter assumes a constant amortisation to maturity of any         taxation, fluctuations in foreign exchange rates, the imposition of
discount or premium, regardless of the impact of fluctuating          currency repatriation restrictions, social and religious instability,
interest rates on the market value of the security or instrument.     political, economic or other developments in the law or
Whilst this method provides certainty in valuation, it may result     regulations of the United States and, in particular, by changes in
in periods during which the value of a security or instrument, as     legislation relating to the level of foreign ownership in the United
determined by amortised cost, is higher or lower than the price       States.
the Portfolio would receive if the security or instrument were
sold. During such periods, the daily yield on Shares of the           An investment in the Portfolio is not in the nature of a deposit in
Portfolio may differ somewhat from an identical computation           a bank account. The value of the Shares is not protected by any
                                                                      government, government agency or other guarantee scheme

                                                                   S-9
                                        Short-Term Investments Company (Global Series) plc
                                                     Supplement to Prospectus
                                                        Dated 1 July 2011



RISKS OF INVESTMENT (continued)                                         SUBSCRIPTION FOR SHARES
which may be available to protect the holder of a bank deposit          In order to subscribe for Shares, a properly completed Account
account and the principal invested is capable of fluctuation.           Application Form must be received and accepted by the
                                                                        Administrator on behalf of the Company. The signed original
UMBRELLA STRUCTURE OF THE COMPANY                                       Account Application Form and all documentation required in
                                                                        connection with anti-money laundering procedures must be
Pursuant to Irish law the Company should not be liable as a whole
                                                                        received promptly thereafter. Shares may be purchased on any
to third parties and there should not be the potential for cross
                                                                        Business Day at the current Net Asset Value per Share of this
contamination of liabilities between different Portfolios. However,
                                                                        Class, which is expected to be US$1 per Share. In all cases,
there can be no categorical assurance that, should an action be
                                                                        instructions for subscriptions must be received by the
brought against the Company in the courts of another
                                                                        Administrator by the Dealing Deadline, together with subscription
jurisdiction, the segregated nature of the Portfolios will
                                                                        monies in immediately available funds, for Shares to be issued by
necessarily be upheld.
                                                                        the Administrator on that Business Day. No sales charge will be
                                                                        payable to the Company or its agents in respect of the issue of
REPURCHASE AGREEMENT TRANSACTIONS                                       Shares. Amendments to an investor’s registration details and
In the event of a bankruptcy or other default of a seller of            payment instructions will only be effected upon receipt of original
securities under a repurchase agreement, the Portfolio could            documentation.
experience both delays in liquidating the underlying securities         The minimum initial subscription for Shares is US$150,000, or
and losses, including a possible decline in the value of the            such other amount as may be determined by the Directors from
underlying securities during the period while the Portfolio seeks       time to time in their absolute discretion. If the holdings of any
to enforce its rights thereto, possible sub-normal levels of income     Shareholder fall below US$150,000, or such other amount as
and lack of access to income during this period and expenses of         may be determined by the Directors from time to time in their
enforcing its rights.                                                   absolute discretion, the account of such Shareholder may be
If the counterparty to the repurchase agreement transaction is          redeemed by the Company in accordance with procedures set
located in a jurisdiction where the local law is not familiar with or   forth in the Prospectus.
does not recognise the mechanism of set-off as incorporated in          The Base Currency of the Portfolio is US Dollars. Subscriptions
the market standard repurchase agreement transaction, there is          for Shares must be in US Dollars unless the Company agrees to
a risk that upon the insolvency of such counterparty, any rights        accept subscriptions in another freely convertible currency
of set-off would not be permitted to be enforced.                       approved by the Directors in which case such subscriptions will be
                                                                        converted into US Dollars at prevailing exchange rates and the
PAYING AGENTS                                                           cost of conversion will be borne by the investor and deducted
                                                                        from the subscription monies. As of the date of this Supplement
Local regulations in EU Member States may require the
                                                                        all subscriptions for Shares must be paid for in US Dollars.
appointment of paying agents and maintenance of accounts by
such agents through which subscriptions and redemption monies           Any subscription monies, relating to subscription instructions
may be paid; and investors who choose or are obliged under local        received after the Dealing Deadline on any Business Day, will be
regulations to pay subscriptions to and/or receive redemption           held (without interest) until the next Business Day and Shares will
monies via an intermediary entity bear a credit risk against that       then be issued at the Net Asset Value per Share applicable on
intermediate entity with respect to: (a) subscription monies prior      that Business Day. Investors whose subscription instructions for
to the transmission of such monies to the Custodian for the             cleared subscription monies are received after the Dealing
account of the Company; and (b) redemption monies payable by            Deadline on a Business Day shall not be entitled to receive or
such intermediate entity to the relevant investor.                      accrue dividends for that Business Day and dividends will instead
                                                                        begin to accrue from the next Business Day.
FOREIGN TAXES                                                           Subscription instructions may be given by telephone, facsimile or
The Company may be liable to taxes (including withholding taxes)        approved electronic transmission sent directly to the
in countries other than Ireland on income earned and capital            Administrator, or, where applicable, via the Distributor or its Sub-
gains arising on its investments. The Company may not be able to        Distributors or dealing agents, for onward transmission to the
benefit from a reduction in the rate of such foreign tax by virtue      Administrator, by a person designated as an authorised person
of the double taxation treaties between Ireland and other               (“Authorised Person”) in the Account Application Form, subject to
countries. The Company may not, therefore, be able to reclaim           the time deadlines set forth above.
any foreign withholding tax suffered by it in particular countries.
                                                                        Confirmation of each subscription will be sent to Shareholders
If this position changes and the Company obtains a repayment of
                                                                        within seven days after the day on which the purchase is made.
foreign tax, the Net Asset Value of the Company will not be
restated and the benefit will be allocated to the then-existing         By the terms of the Account Application Form, the Company may
Shareholders rateably at the time of repayment.                         accept properly given subscription instructions, received prior to
                                                                        the Dealing Deadline on any Business Day, and may rely on and
                                                                        act upon such orders, even prior to receipt of subscription
                                                                        monies, to purchase Relevant Obligations for the Portfolio.

                                                                    S-10
                                       Short-Term Investments Company (Global Series) plc
                                                    Supplement to Prospectus
                                                       Dated 1 July 2011



SUBSCRIPTION FOR SHARES (continued)                                    redeemed. No redemption fee will be payable to the Company or
                                                                       its agents.
Accordingly, any failure or default by an investor to transmit
subscription monies by the close of business on the relevant           No redemption proceeds will be paid to investors until the
Business Day may result in certain losses, costs or expenses for       Administrator has received the original signed Account
the account of the Portfolio. Under the terms of the Account           Application Form (and all necessary anti-money laundering
Application Form, investors agree to indemnify and hold harmless       documentation) and all necessary anti-money laundering checks
the Company, the Directors, the Portfolio, the Manager, the            have been completed.
Investment Advisers, the Administrator and the Custodian for any
losses, costs or expenses incurred by them as a result of the
failure or default by the investor to transmit subscription monies
                                                                       DIVIDENDS AND DISTRIBUTIONS
in immediately available funds to the account of the Portfolio         The net income of the Portfolio will be calculated as of the Dealing
referred to above by the close of business on the Business Day on      Deadline each Business Day. The net income will be allocated to
which the order is made.                                               Shareholders in proportion to the number of Shares held by them.
                                                                       Net income for these purposes will consist of interest accrued and
The Company reserves the right to require satisfactory proof of
                                                                       discount earned (including both original issue discount and
authority in relation to any application for Shares and may for any
                                                                       market discount) on instruments held by the Portfolio, less
reason decline to accept any Account Application Form or
                                                                       amortisation of market premium and the accrued expenses
subscription order.
                                                                       applicable to that day and attributable to this Class.

SUSPENSION OF DEALINGS                                                 Dividends on Shares are declared daily. All dividends declared
                                                                       during a calendar month will automatically be reinvested in
The circumstances in which dealings may be suspended are set           additional full and fractional Shares of this Class at the Net Asset
out in the Articles and summarised at page 12 of the Prospectus.       Value per Share as of the Dealing Deadline on the last day of the
                                                                       month, except with respect to Shareholders who have elected to
REDEMPTION OF SHARES                                                   have dividends paid by electronic bank transfer. Payments by
                                                                       electronic bank transfer will normally be made on the first
Shareholders may redeem any or all of their Shares on any              Business Day of the following month. The election to be paid by
Business Day at the current Net Asset Value per Share of this          electronic bank transfer, or any revocation thereof, must be made
Class, which is expected to be US$1 per Share. In all cases,           in writing to the Company and will be effective only in respect of
applications for redemptions must be received by the                   dividends paid after its receipt by the Company.
Administrator by the Dealing Deadline for Shares to be redeemed
on that Business Day. Subscribers for Shares are required to           If a Shareholder redeems all of the Shares in its account at any
specify in the original signed Account Application Form a bank         time during a calendar month, all dividends declared up to but not
account to which redemption proceeds should be paid.                   including the date of redemption will be paid to the Shareholder
                                                                       along with the redemption proceeds.
Redemption instructions may be given by telephone, facsimile or
approved electronic transmission sent directly to the                  Although realised capital gains and losses on the assets of the
Administrator, or, where applicable, via the Distributor or its Sub-   Portfolio will be reflected in the Net Asset Value, they are not
Distributors or dealing agents, for onward transmission to the         expected to be an amount which would affect the US$1 per Share
Administrator, by an Authorised Person or a person reasonably          Net Asset Value of this Class for purposes of purchases and
believed by the Administrator to be an Authorised Person,              redemptions. Distributions from net realised capital gains may be
subject to the time deadlines set forth above. Redemption              declared and paid yearly or more frequently at the discretion of
requests received by facsimile or by approved electronic               the Board of Directors.
transmission will only be processed if the redemption proceeds
are to be paid to the account of record of the redeeming investor.     FEES AND EXPENSES
If a redemption request is received after the Dealing Deadline on
a Business Day, it shall be treated as a request for redemption on     MANAGEMENT, ORGANISATIONAL, OPERATING
the next Business Day. Shares will not receive or be credited with     AND ESTABLISHMENT EXPENSES
any dividend declared on or after the date on which they are
                                                                       The Portfolio’s establishment expenses, which were
redeemed.
                                                                       approximately US$50,000, will be borne out of the assets of the
Confirmation of each redemption will be sent to Shareholders           Portfolio and will be amortised over such period as shall be
within seven days after the day on which the redemption is made.       determined by the Directors. The Portfolio’s establishment
                                                                       expenses shall be included in the total annual fee and expenses
Redemption proceeds will be paid by electronic bank transfer to        cap referred to in the following paragraph.
the account designated in the Account Application Form (as may
be amended from time to time by notice in writing duly signed by       Each of the Shares of this Class bears its attributable portion of
two authorised signatories) or by such other method of payment         management, organisational and operating expenses of the
as may be agreed with the Administrator. Redemption proceeds           Company and Portfolio. The total annual fees and expenses of this
will normally be paid on the same day that the Shares are              Class are capped at 0.65% of the average daily net assets
                                                                       attributable to this Class. This cap covers all costs and expenses

                                                                   S-11
                                       Short-Term Investments Company (Global Series) plc
                                                    Supplement to Prospectus
                                                       Dated 1 July 2011



FEES AND EXPENSES (continued)
connected with the management, investment advisory and
administration fees and expenses, custodian and global sub-
custodian fees and expenses, shareholder service fees (see the
next paragraph), and all organisational, establishment and
operating expenses of this Class (excluding taxes, commissions,
other transaction charges and any interest or other borrowing
costs incurred in respect of the Portfolio and any non-recurring
and extraordinary or exceptional losses, costs and expenses such
as litigation costs and expenses) (for details see the “Fees and
Expenses” section in the Prospectus). The Manager will absorb
(directly or by way of a refund to the account of this Class) any
difference that may arise between the actual cost of the
operations of this Class and the fee and expense cap set out
above. This provides Shareholders in this Class with the benefit of
a fully transparent and predictable cost structure. The Manager
may at its sole discretion agree to absorb a greater proportion of
the fees and expenses of this Class (directly or by way of a refund
to the account of this Class) so as to lower the total annual fees
and expenses of this Class to an amount less than 0.65% of the
average daily net assets of the Class.

SHAREHOLDER SERVICE FEE
The Company has entered into an agreement (the “Shareholder
Service Agreement”) with the Manager which provides that the
Company will pay the Manager a fee which represents 0.50% per
annum of the average daily net assets of the Portfolio
attributable to Shares of this Class. This fee may be used by the
Manager to pay shareholder service fees to banks and other
financial institutions that provide continuing individual account
shareholder services to their customers. Such services may
include assistance in handling purchases and redemptions of
Shares, providing and interpreting current information about the
Portfolio and its investment performance, the current status of
such customers’ investments and the provision of general
information about economic and financial developments and
trends that may affect such customers’ investments in the
Portfolio and other information or assistance as may be
requested.

The Shareholder Service Agreement shall continue in force until
terminated by either party thereto on 90 days’ written notice to
the other party. It shall also terminate automatically if the
Manager ceases to be the Manager of the Company.




                                                                  S-12
Perivan Financial Print   222136   17071056.20
                                                 PROSPECTUS DATED 1 JULY 2011




                                                         PROSPECTUS

                                          SHORT-TERM INVESTMENTS COMPANY
                                                 (GLOBAL SERIES) PLC
 (An umbrella fund with segregated liability between sub-funds incorporated under the laws of Ireland as an investment company with variable
                 capital and authorised and regulated by the Central Bank as a UCITS pursuant to the European Communities
                (Undertakings for Collective Investment in Transferable Securities) Regulations 2003, as amended or replaced)




                                                     Manager
                                      INVESCO MANAGEMENT COMPANY LIMITED
                                                    Distributor
                                        INVESCO GLOBAL CASH MANAGEMENT




The Directors accept responsibility for the information contained in this document as being accurate as at the date hereof on the basis that to the
best of the knowledge and belief of the Directors (who have taken all reasonable care to ensure that such is the case) the information contained in
this document is in accordance with the facts and does not omit anything likely to affect the import of such information. If you are in any doubt
about the contents of this Prospectus you should consult your stockbroker, bank manager, solicitor, accountant or other financial adviser.

Prospective investors should review the Prospectus carefully and in its entirety and consult with their legal, tax and financial advisers in relation
to the legal requirements within their own countries for the purchasing, holding, redeeming or disposing of Shares and any foreign exchange
restrictions or other consequences of such activities.
DIRECTORY

Directors:                                             Company’s Registered Office:
Brian Collins                                          70 Sir John Rogerson’s Quay
Karen Dunn Kelley                                      Dublin 2
Leslie Schmidt                                         Ireland
Cormac O’Sullivan

Manager:                                               Distributor:
Invesco Management Company Limited                     Invesco Global Cash Management
70 Sir John Rogerson’s Quay                            (A division of Invesco Asset Management Limited)
Dublin 2                                               30 Finsbury Square
Ireland                                                London EC2A 1AG
                                                       England

Manager’s Registered Office:                            Custodian:
70 Sir John Rogerson’s Quay                            BNY Mellon Trust Company (Ireland) Limited
Dublin 2                                               Harcourt Building
Ireland                                                Harcourt Street
                                                       Dublin 2
                                                       Ireland

Investment Advisers:                                   Custodian’s Registered Office:
Invesco Advisers, Inc.                                 Guild House
1555 Peachtree Street, N.E.                            Guild Street
Atlanta, Georgia, 30309                                International Financial Services Centre
United States                                          Dublin 1
                                                       Ireland

Invesco Global Cash Management                         Administrator and Registrar:
(A division of Invesco Asset Management Limited)       BNY Mellon Fund Services (Ireland) Limited
30 Finsbury Square                                     Guild House
London EC2A 1AG                                        Guild Street
England                                                International Financial Services Centre
                                                       Dublin 1
                                                       Ireland

Legal Advisers:                                        Sponsoring Irish Stock Exchange Broker:
Matheson Ormsby Prentice                               J & E Davy
70 Sir John Rogerson’s Quay                            Davy House
Dublin 2                                               49 Dawson Street
Ireland                                                Dublin 2
                                                       Ireland

Secretary to the Company and the Manager:              Auditors:
Matsack Trust Limited                                  KPMG
70 Sir John Rogerson’s Quay                            Chartered Accountants
Dublin 2                                               1 Stokes Place
Ireland                                                Dublin 2
                                                       Ireland




                                                   2
                                            Short-Term Investments Company (Global Series) plc
                                                      Prospectus Dated 1 July 2011




TABLE OF CONTENTS
                                                                                                                                                    Page
Important Information ....................................................................................................................            5

Definitions .....................................................................................................................................     7

The Company .................................................................................................................................        13

General .........................................................................................................................................    13

The Board of Directors...................................................................................................................            13

Investment Objective, Policies and Restrictions ..............................................................................                       14

Additional Investment Restrictions applicable to those Portfolios registered in Hong Kong...............                                             14

Cross Investment...........................................................................................................................          14

Investment Risks ...........................................................................................................................         14

Dividend and Yield Information ......................................................................................................                14

The Shares ....................................................................................................................................      14

Subscription for Shares .................................................................................................................            14

Subscriptions in Specie..................................................................................................................            15

Subscriptions by or Transfers to any US Person ..............................................................................                        15

Shareholders’ Register...................................................................................................................            15

Redemption of Shares ...................................................................................................................             15

Redemptions in Specie ..................................................................................................................             15

Power of the Company to Refuse to Effect Redemptions .................................................................                               15

Determination of Net Asset Value ..................................................................................................                  15

Transfer of Shares .........................................................................................................................         17

Conversion of Shares .....................................................................................................................           17

Mandatory Redemption of Shares ..................................................................................................                    17

Temporary Suspension of Dealings .................................................................................................                   18

Management and Administration .....................................................................................................                  18

The Manager .................................................................................................................................        18

Investment Advisers and Distributor ..............................................................................................                   18

The Administrator .........................................................................................................................          19

The Custodian ...............................................................................................................................        19



                                                                             3
                                            Short-Term Investments Company (Global Series) plc
                                                      Prospectus Dated 1 July 2011




Fees and Expenses .........................................................................................................................          20

Management, Administration and Investment Advisory Fees ...........................................................                                  20

Custodian Fees ..............................................................................................................................        20

Operational Expenses ....................................................................................................................            20

Distribution Fees and Selling Commissions .....................................................................................                      21

Notification of Fee Increases ..........................................................................................................             21

Taxation ........................................................................................................................................    21

Ireland ..........................................................................................................................................   21

United Kingdom.............................................................................................................................          24

United States of America ...............................................................................................................             25

Capitalisation .................................................................................................................................     26

The Share Capital ..........................................................................................................................         26

Statutory and General Information ..................................................................................................                 26

Conflicts of Interest .......................................................................................................................        26

Memorandum and Articles of Association .......................................................................................                       28

Meetings .......................................................................................................................................     29

Reports.........................................................................................................................................     29

Legal Advisers...............................................................................................................................        30

Sponsoring Broker.........................................................................................................................           30

Auditors ........................................................................................................................................    30

Material Contracts .........................................................................................................................         30

Electronic Communication .............................................................................................................               30

Miscellaneous................................................................................................................................        30

Complaints Procedure....................................................................................................................             30

Documents for Inspection ..............................................................................................................              30




                                                                             4
                                          Short-Term Investments Company (Global Series) plc
                                                    Prospectus Dated 1 July 2011




IMPORTANT INFORMATION                                                          STOCK EXCHANGE LISTING
All defined terms used throughout this Prospectus are defined in               Shares in the US Dollar Liquidity Portfolio, the Sterling Liquidity
the Definitions found on page 7.                                               Portfolio, the Euro Liquidity Portfolio and the US Dollar Treasury
                                                                               Portfolio have been admitted to the Official List and to trading on
THE PROSPECTUS                                                                 the Main Securities Market of the Irish Stock Exchange. An
                                                                               application may be made to the Irish Stock Exchange for Shares
This Prospectus describes Short-Term Investments Company                       of other series or Classes to be admitted to the Official List and
(Global Series) plc, a public limited liability investment company             to trading on the Main Securities Market of the Irish Stock
with variable capital incorporated in Ireland and constituted as an            Exchange. Neither the admission of the Shares to the Official List
umbrella fund with segregated liability between Portfolios. The                and to trading on the Main Securities Market of the Irish Stock
Share capital of the Company may be divided into different series              Exchange nor the approval of the Prospectus pursuant to the
of Shares, with each series representing a separate Portfolio.                 listing requirements of the Irish Stock Exchange constitutes a
                                                                               warranty or representation by the Irish Stock Exchange as to the
This Prospectus may only be issued with one or more
                                                                               competence of the service providers or any other party
Supplements, each containing information relating to a Portfolio.
                                                                               connected with the Company, the adequacy of information
In the event that separate Classes of a Portfolio are offered, a
                                                                               contained in this Prospectus or the suitability of the Company for
separate supplement will be available for each such Class. This
                                                                               investment purposes.
Prospectus and the Relevant Supplement should be read and
construed as one document. To the extent that there is any                     The Directors do not anticipate that an active secondary market
inconsistency between this Prospectus and the Relevant                         will develop in the Shares.
Supplement, the Relevant Supplement shall prevail.

Distribution of this document is not authorised unless it is                   RESTRICTIONS ON DISTRIBUTION AND SALE OF
accompanied by a copy of the Company’s latest annual report and                SHARES
any subsequent semi-annual report. Such reports and the                        The distribution of this Prospectus and the offer or sale of the
Relevant Supplement shall form part of this Prospectus and all                 Shares may be restricted in certain jurisdictions. No persons
together shall constitute the Prospectus for the issue of Shares               receiving a copy of this Prospectus or related Account
in each Portfolio.                                                             Application Form for subscription for Shares may treat the
Prospective investors should review this Prospectus carefully and              Prospectus or Account Application Form as constituting an
in its entirety and consult with their legal, tax and financial advisers       invitation to them to subscribe for Shares, nor should they in any
in relation to the legal requirements within their own countries for           event use such Account Application Form unless such an
the purchasing, holding, redeeming or disposing of Shares and any              invitation could lawfully be made to them and such form could
foreign exchange restrictions or other consequences of such                    lawfully be used without compliance with any registration or
activities.                                                                    other legal requirements. Accordingly, this Prospectus does not
                                                                               constitute an offer or solicitation in any jurisdiction in which such
                                                                               offer or solicitation is not lawful or in which the person making
CENTRAL BANK AUTHORISATION                                                     such offer or solicitation is not qualified to do so or to anyone to
The Company is organised as an open-ended investment company                   whom it is unlawful to make such offer or solicitation.
with variable capital under the laws of Ireland and is authorised and
                                                                               The Shares have not been and will not be registered under the
regulated as a UCITS pursuant to the European Communities
                                                                               Securities Act of 1933, as amended (the “1933 Act”) of the
(Undertakings for Collective Investment in Transferable Securities)
                                                                               United States of America or the securities laws of any of the
Regulations 2003, as amended. This authorisation however does
                                                                               states of the United States, and the Company is not registered
not imply approval by any Irish authority of the contents of this
                                                                               under the Investment Company Act of 1940, as amended (the
Prospectus or of the securities held by the Portfolios. Any
                                                                               “1940 Act”) of the United States. Although the Company
representation to the contrary is unauthorised and unlawful. In
                                                                               generally intends to offer and sell its Shares only to persons who
particular, authorisation of the Company by the Central Bank does
                                                                               are not “US Persons”, as defined in Regulation S under the 1933
not constitute a warranty as to the performance of the Portfolios
                                                                               Act, the Company may, in its discretion, sell Shares to US Persons
and the Central Bank shall not be liable for the performance or
                                                                               on a limited basis and subject to the condition that such
default of the Company or the Portfolios. Authorisation of the
                                                                               purchasers make certain representations to the Company which
Company by the Central Bank is not an endorsement or guarantee
                                                                               are intended to satisfy the requirements imposed by US law on
of the Company by the Central Bank nor is the Central Bank
                                                                               the Company which limit the number of its Shareholders who are
responsible for the contents of this Prospectus. Each Portfolio will
                                                                               US Persons and/or which ensure that the Company is not
be subject to strict investment standards and borrowing
                                                                               engaged in a public offering of its Shares in the United States. The
restrictions as determined by the Directors in conformity with the
                                                                               Company reserves the right to redeem the Shares of any
UCITS Regulations and specified in the Relevant Supplement and
                                                                               Shareholder that is a US Person if necessary to avoid the
these standards and restrictions will be adhered to by the Manager
                                                                               registration requirements under the 1933 Act or 1940 Act or to
and the Investment Advisers.
                                                                               avoid adverse tax consequences to the Company or the
                                                                               Shareholders.




                                                                           5
                                       Short-Term Investments Company (Global Series) plc
                                                 Prospectus Dated 1 July 2011




IMPORTANT INFORMATION (continued)
RESTRICTIONS ON DISTRIBUTION AND SALE OF
SHARES (continued)
The Company has been authorised by the Central Bank as a UCITS
and may apply for recognition by the Member States to facilitate
the promotion and sale of Shares in those Member States.

RELIANCE ON THIS PROSPECTUS
The Shares in the Company are offered only on the basis of the
information contained in this Prospectus and, as appropriate, the
latest audited annual report or any subsequent semi-annual
report of the Company.

No person has been authorised to give any information or to make
any representation in connection with the offering of Shares in
the Company other than those contained in this Prospectus and
any annual or subsequent semi-annual report of the Company
and, if given or made, such information or representations must
not be relied on as having been authorised by the Company, the
Directors, the Manager, the Investment Advisers, the
Administrator or the Custodian. Statements in this Prospectus
are based on the law and practice currently in force in Ireland at
the date hereof and are subject to change. Neither the delivery of
this Prospectus nor the issue of Shares shall under any
circumstances create any implication or constitute any
representation that the affairs of the Company have not changed
since the date hereof.

Investment in the Company carries with it a degree of risk.
Investment risk factors for an investor to consider will be
specified in the Relevant Supplement.

This Prospectus may be translated into other languages, but in
the event of any inconsistency or ambiguity in relation to the
meaning of any word or phrase in any translation, the English text
shall prevail and all disputes as to the terms thereof shall be
governed by, and construed in accordance with, the law of
Ireland.

Investors should note that although the Company seeks to preserve
the principal value of an investment, the value of Shares could vary
and the income from the investment may fall as well as rise. Also,
investors may not receive back the amount invested. The Directors
do not intend to charge a sales or redemption fee.




                                                                       6
                                      Short-Term Investments Company (Global Series) plc
                                                Prospectus Dated 1 July 2011




DEFINITIONS                                                              Custodian                 means BNY Mellon Trust Company
                                                                                                   (Ireland) Limited or such other company in
In this Prospectus the following words and phrases have the                                        Ireland approved for such purposes by the
meanings set forth below:                                                                          Central Bank as may from time to time be
                                                                                                   appointed custodian with the prior
Account Application   means the account application form to be
                                                                                                   approval of the Central Bank.
Form                  completed by subscribers for Shares.
                                                                         Dealing Day               means such Business Day as the Board of
Administrator         means BNY Mellon Fund Services (Ireland)
                                                                                                   Directors may from time to time determine
                      Limited or such other company as may
                                                                                                   in relation to any particular Portfolio and
                      from time to time be appointed in
                                                                                                   as shall be designated a Dealing Day in the
                      accordance with the requirements of the
                                                                                                   Relevant Supplement.
                      Central Bank to provide administrative and
                      related services to the Company in Ireland.        Declaration               means a valid declaration in a form
                                                                                                   prescribed by the Irish Revenue
Articles              means the articles of association of the
                                                                                                   Commissioners for the purposes of Section
                      Company.
                                                                                                   739D TCA 1997 (as may be amended from
Auditors              means KPMG or such other firm of auditors                                    time to time).
                      as may from time to time be appointed as
                                                                         Directors                 means the directors of the Company.
                      auditors to the Company.
                                                                         Distributor               means Invesco Global and/or such other
Base Currency         means the currency in which the assets of
                                                                                                   persons, firms or companies as may from
                      any Portfolio are valued as specified in the
                                                                                                   time to time be appointed as distributors in
                      Relevant Supplement.
                                                                                                   relation to the promotion, distribution and
Board of Directors/   means the board of directors of the                                          sale of Shares in accordance with the
Board                 Company and/or a duly constituted                                            requirements of the Central Bank.
                      committee thereof.
                                                                         Euro, Eur or €            means the single currency of participating
Business Day          means in relation to any Portfolio such day                                  Member States.
                      or days as shall be specified in the
                                                                         Eligible Security         means:
                      Relevant Supplement as a “Business Day”.
                                                                                             (a)   a security with a remaining maturity of
Central Bank          means the Central Bank of Ireland.
                                                                                                   397 days or less that is rated (or that has
Class                 means each class of Shares in the                                            been issued by an issuer that is rated with
                      Company or a Portfolio as the context may                                    respect to a class of Short-Term debt
                      require.                                                                     obligations, or any security within that
                                                                                                   class, that is comparable in priority and
Company               means Short-Term Investments Company                                         security with the security) by the Requisite
                      (Global Series) plc, an investment company                                   RSROs in one of the two highest Rating
                      with variable capital, incorporated in                                       Categories      for    Short-Term      debt
                      Ireland pursuant to the Companies Acts                                       obligations; or
                      1963 to 2009 and authorised by the
                      Central Bank as a UCITS under the UCITS                                (b)   a security (i) that at the time of issuance
                      Regulations.                                                                 was a Long-Term security but that has a
                                                                                                   remaining maturity of 397 days or less,
Connected Person      means                                                                        and (ii) whose issuer has received from the
                (a)   any person or company beneficially                                           Requisite RSROs a rating, with respect to a
                      owning, directly or indirectly, 20% or more                                  class of Short-Term debt obligations (or
                      of the shares of the Manager or able to                                      any security within that class) that is now
                      exercise directly or indirectly, 20% or more                                 comparable in priority and security with
                      of the total votes in the Manager; or                                        the security, in one of the two highest
                                                                                                   Rating Categories for Short-Term debt
                (b)   any person or company controlled by a                                        obligations; or
                      person who or which meets one or both of
                      the descriptions given in (a); or                                      (c)   an Unrated Security that is of comparable
                                                                                                   quality to a security meeting the
                (c)   any member of the group for which that                                       requirements of paragraphs (a) or (b)
                      company forms part; or                                                       above as determined by the Investment
                                                                                                   Advisers; provided, however, that
                (d)   any director or officer of that company or
                      of any of its Connected Persons as defined
                      in (a), (b) or (c).



                                                                     7
                                           Short-Term Investments Company (Global Series) plc
                                                     Prospectus Dated 1 July 2011




DEFINITIONS (continued)
Eligible Security           (1)   an Investment Adviser may base its                                 and any other person resident in Ireland
(continued)                       determination that a Standby                                       who is permitted (whether by legislation or
                                  Commitment is an Eligible Security                                 by the practice or concession of the Irish
                                  upon a finding that the issuer of the                              Revenue Commissioners) to hold Shares in
                                  commitment presents a minimal                                      the Company without requiring the
                                  risk of default; and                                               Company to deduct or account for Irish tax
                                                                                                     and in respect of whom the Company is in
                            (2)   a security that at the time of                                     possession of a Declaration;
                                  issuance was a Long-Term security
                                  but that has a remaining maturity of        FDI                    means financial derivative instruments as
                                  397 calendar days or less and that                                 shall be specified in the Portfolio
                                  is an Unrated Security is not an                                   Investment Techniques section of the
                                  Eligible Security if the security has                              Relevant Supplement.
                                  a long-term rating from any RSRO
                                                                              First Tier Security    means any Eligible Security that:
                                  that is not within the RSRO’s two
                                  highest Rating Categories.                                   (a)   is rated (or that has been issued by an
                                                                                                     issuer that is rated with respect to a class
Exempt Investor             means any of the following Irish Residents:
                                                                                                     of Short-Term debt obligations, or any
                    (i)     Irish tax resident companies;                                            security within that class, that is
                                                                                                     comparable priority and security with the
                    (ii)    pension schemes within the meaning of                                    security) by the Requisite RSROs in the
                            section 774, section 784 or section 785                                  highest Rating Category for Short-Term
                            TCA;                                                                     debt obligations; or
                    (iii)   companies carrying on life assurance                               (b)   is a security of the type described in
                            business within the meaning of section                                   paragraph (b) of the definition of Eligible
                            706 TCA;                                                                 Security whose issuer has received from
                    (iv)    investment undertakings within         the                               the Requisite RSROs a rating, with respect
                            meaning of section 739B TCA;                                             to a class of Short-Term debt obligations
                                                                                                     (or security within that class) that now is
                    (v)     qualifying fund and savings managers                                     comparable in priority and security with
                            within the meaning of section 739D(6)(f)                                 the security, in the highest Rating
                            TCA;                                                                     Category for Short-Term debt obligations;
                                                                                                     or
                    (vi)    PRSA administrators within the meaning
                            of section 739D(6)(i) TCA;                                         (c)   is an Unrated Security that is of
                                                                                                     comparable quality to a security meeting
                    (vii)   Irish credit unions within the meaning of
                                                                                                     the requirements of paragraphs (a) and (b)
                            section 2 of the Credit Union Act 1997;
                                                                                                     above, as determined by the Investment
                    (viii) qualifying companies within the meaning                                   Advisers.
                           of section 110 TCA;
                                                                              Floating Rate          means a security the terms of which
                    (ix)    special investment schemes within the             Instrument             provide for the adjustment of its interest
                            meaning of section 737 TCA;                                              rate whenever a specified interest rate
                                                                                                     (such as a bank’s designated prime lending
                    (x)     unauthorised unit trust schemes to which                                 rate) changes and which, at any time, can
                            section 731(5)(a) TCA applies;                                           reasonably be expected to have a market
                    (xi)    charities within the meaning of section                                  value that approximates its par value.
                            739D(6)(f)(i) TCA;                                Invesco Global         means Invesco Global Cash Management, a
                    (xii)   qualifying managing companies within the                                 division of Invesco Asset Management
                            meaning of section 734(1) TCA;                                           Limited.

                    (xiii) specified companies within the meaning of          Investment Advisers means such companies, firms or persons
                           section 734 (1) TCA;                                                   as may from time to time be appointed by
                                                                                                  the Manager, with the approval of the
                    (xiv) The National Pensions Reserve Fund                                      Central Bank, and in the case of any
                          Commission;                                                             Portfolio registered in Hong Kong, the SFC,




                                                                          8
                                      Short-Term Investments Company (Global Series) plc
                                                Prospectus Dated 1 July 2011




DEFINITIONS (continued)
                      as investment adviser in respect of a                                   accordance with the Investment Objective
                      Portfolio or Portfolios and as such may be                              and Policies applicable to such Portfolio as
                      specified in the Relevant Supplement. For                               specified in the Supplement for that
                      information on the Investment Advisers at                               Portfolio.
                      the date of this Prospectus see the
                                                                         Prospectus           means this document, any Supplement
                      “Investment Advisers and Distributor”
                                                                                              designed to be read and construed
                      section hereof.
                                                                                              together with and to form part of this
Irish Resident        means any company resident, or other                                    document, and the Company’s most recent
                      person resident or ordinarily resident, in                              annual or semi-annual report.
                      the Republic of Ireland for the purposes of
                                                                         Rating Category or   means a rating issued by an RSRO within
                      Irish tax.
                                                                         Rating Categories    which there may be sub-categories or
Irish Stock Exchange means the Irish Stock Exchange Limited.                                  gradations indicating relative standing. For
                                                                                              the avoidance of doubt, sub-categories or
KIID                  means the document summarising the key                                  gradations, such as “+” or “-“, do not
                      investor information as prescribed by the                               count as a Rating Category or Rating
                      UCITS Regulations.                                                      Categories.
Liquid Financial      means liquid financial assets as described         RSRO                 means any one or more recognised
Assets                in the UCITS Regulations.                                               statistical rating organisations, including,
Manager               means Invesco Management Company                                        without limitation, FITCH Ratings, Moody’s
                      Limited.                                                                Investors Service, Inc., Standard & Poor’s.

Member State          means a member state of the European               Recognised Market    means each of the following markets:
                      Union from time to time.                                          (a)   the market organised by the members of
Memorandum            means the memorandum of association of                                  the   International   Capital  Market
                      the Company for the time being in force as                              Association;
                      may be amended from time to time in                               (b)   the market conducted by the “listed money
                      accordance with the requirements of the                                 market institutions” as described in the
                      Central Bank.                                                           Financial Services Authority publication,
Money Market          means instruments normally dealt in on                                  The Regulation of the Wholesale Cash and
Instruments           the money market, that are liquid and have                              OTC Derivatives Markets: “The Grey
                      a value which can be accurately                                         Paper” (as amended from time to time) and
                      determined at any time.                                                 any other market declared to be a
                                                                                              recognised body under a recognition order
Net Asset Value       means the net asset value of a Portfolio of                             issued from time to time under the
                      the Company calculated as described or                                  Financial Services and Markets Act 2000
                      referred to herein.                                                     (United Kingdom), as amended from time
                                                                                              to time;
Net Asset Value       means the Net Asset Value divided by the
per Share             number of Shares of the relevant Portfolio                        (c)   the market in the US government
                      in issue subject to such adjustment, if any,                            securities conducted by the primary
                      as may be required in relation to any Class                             dealers regulated by the Federal Reserve
                      and as shall be specified in the Relevant                               Bank of New York;
                      Supplement.
                                                                                        (d)   the over-the-counter markets in the United
Ordinary Resolution   means a resolution passed by a simple                                   States conducted by primary dealers and
                      majority of the votes cast in its favour by                             secondary dealers regulated by the
                      Shareholders entitled to attend and vote at                             Securities and Exchange Commission and
                      general meetings of the Company.                                        the National Association of Securities
                                                                                              Dealers and by banking institutions
OTC Derivative        means a financial derivative instrument
                                                                                              regulated by the US Comptroller of
                      dealt over the counter.
                                                                                              Currency, the Federal Reserve System or
Portfolio             means a portfolio of assets established by                              Federal Deposit Insurance Corporation;
                      the Directors (with the prior approval of
                                                                                        (e)   derivative markets approved by a member
                      the Central Bank) and constituting a
                                                                                              state of the European Economic Area or in
                      separate fund represented by a separate
                                                                                              the United States and any other exchanges
                      series of Shares and invested in
                                                                                              or markets, including any board of trade or


                                                                     9
                                        Short-Term Investments Company (Global Series) plc
                                                  Prospectus Dated 1 July 2011




DEFINITIONS (continued)
                        similar entity, or automated quotation              Shareholder          means a holder of Shares.
                        system which markets and exchanges are
                                                                            Short-Term           means having a remaining maturity of 397
                        regulated, operating regularly, recognised
                                                                                                 days or less.
                        and open to the public;
                                                                            Short-Term Money     means a money market fund which
                  (f)   the markets are listed in accordance with
                                                                            Market Fund          satisfies the criteria set out for short-term
                        the requirements of the Central Bank;
                                                                                                 money market funds in the Central Bank
                  (g)   the Central Bank does not issue a list of                                UCITS Notice 17 Money Market Funds.
                        approved markets;
                                                                            Special Resolution   means a resolution passed by not less than
                  (h)   with the exception of permitted                                          75% of the votes cast by Shareholders
                        investment    in    unlisted     securities,                             entitled to vote thereon at a meeting at
                        investment in securities will be restricted                              which not less than 21 days notice has
                        to those markets listed in this Prospectus.                              been given.

Redemption Price        means the price at which Shares shall be            Standby Commitment means a right to sell (at a specified time
                        redeemed by the Company pursuant to,                                   and price) an underlying security that
                        and calculated in accordance with, the                                 entitles the holder to achieve same day
                        Articles.                                                              settlement and to receive an exercise price
                                                                                               equal to the amortised cost of the
Relevant Supplement means in relation to a Class of a Portfolio,                               underlying security or securities plus
                    the Supplement published in respect of                                     accrued interest, if any, at the time of
                    that Class.                                                                exercise.
Relevant Institutions means a credit institution which falls under          Sterling, Stg or £   means the lawful currency of the United
                      one of the following categories:                                           Kingdom.
                  (a)   A credit institution authorised in the              Sub-Distributor      means any sub-distributor that may be
                        European Economic Area (EEA) (being EU                                   appointed by the Distributor from time to
                        Member States, Norway, Iceland and                                       time in accordance with the requirements
                        Liechtenstein);                                                          of the Central Bank.
                  (b)   A credit institution authorised within a            Subscriber Shares    means the non-participating Shares of no
                        signatory state, other than a Member                                     par value initially designated as Subscriber
                        State of the EEA, to the Basle Capital                                   Shares and issued on incorporation
                        Convergence Agreement of July 1988                                       entitling the holder of those Shares to
                        (Switzerland, Canada, Japan, U.S.);                                      attend and to vote at general meetings of
                  (c)   A credit institution authorised in Jersey,                               the Company but in respect of which the
                        Guernsey, the Isle of Man, Australia or New                              holders are not entitled to participate in
                        Zealand.                                                                 the profits or assets of the Company
                                                                                                 except for a return of capital in a winding-
Requisite RSROs         means (i) any two RSROs that have issued                                 up. At the date of this Prospectus there are
                        a rating with respect to a security or class                             seven such Subscriber Shares in issue.
                        of debt obligations of an issuer, or (ii) if
                        only one RSRO has issued a rating with              Subscriber           means a holder or holders of Subscriber
                        respect to such security or issuer at the           Shareholder          Shares.
                        time a security is purchased or rolled over,        Supplement           means a document which contains specific
                        that RSRO.                                                               information supplemental to this document
SFC                     means the Securities and           Futures                               in respect of a particular Class of a
                        Commission of Hong Kong.                                                 Portfolio.

Share or Shares         means shares of no par value in the capital         TCA                  means the Taxes Consolidation Act 1997.
                        of the Company carrying the right to vote
                        and to participate in the profits of the
                        relevant Portfolio as set forth in this
                        Prospectus and the Relevant Supplement
                        and any reference to any series of Shares
                        shall where the context may require,
                        include a reference to any Class of that
                        series.


                                                                       10
                                    Short-Term Investments Company (Global Series) plc
                                              Prospectus Dated 1 July 2011




DEFINITIONS (continued)
Transferable         means:                                             Unrated Security     means:
Securities
                                                                                       (a)   a security with a remaining maturity of
                     •     Shares in companies and other
                                                                                             397 days or less issued by an issuer that
                           securities equivalent to shares in
                                                                                             does not have a current Short-Term rating
                           companies;
                                                                                             assigned by any RSRO:
                     •     Bonds and other          forms    of
                                                                                             (1)    to the security; or
                           securitised debt; and
                                                                                             (2)    to the issuer with respect to a class
                     •     Any other negotiable securities that
                                                                                                    of Short-Term debt obligations (or
                           carry the right to acquire any such
                                                                                                    any security within that class) that
                           Transferable      Securities      by
                                                                                                    is comparable in priority and
                           subscription or exchange.
                                                                                                    security with the security; and
UCITS                means an Undertaking for Collective
                                                                                       (b)   a security:
                     Investment in Transferable Securities
                     within the meaning of the UCITS                                         (1)    that at the time of issuance was a
                     Regulations.                                                                   long term security but that has a
                                                                                                    remaining maturity of 397 calendar
UCITS Notices        means the notices issued by the Central
                                                                                                    days or less; and
                     Bank from time to time pursuant to the
                     UCITS Regulations.                                                      (2)    whose issuer has not received from
                                                                                                    any RSRO a rating with respect to a
UCITS Regulations    means the European Communities
                                                                                                    class of Short-Term debt obligations
                     (Undertakings for Collective Investment in
                                                                                                    (or any security within that class)
                     Transferable Securities) Regulations 2003
                                                                                                    that now is comparable in priority
                     (S.I. No. 211 of 2003) (as may be amended,
                                                                                                    and security with the security; and
                     consolidated, replaced or substituted from
                     time to time) and all applicable Central                          (c)   a security that is a rated security and is
                     Bank regulations made or conditions                                     the subject of an external credit support
                     imposed      or    derogations     granted                              agreement that was not in effect when the
                     thereunder whether by notice or                                         security (or the issuer) was assigned its
                     otherwise.                                                              rating.
US                   means the United States of America, its                                 A security is not an “Unrated Security” if
                     territories and possessions including the                               any Short-Term debt obligation (“reference
                     States and the District of Columbia.                                    security”) that is issued by the same issuer
                                                                                             and is comparable in priority and security
US Dollar, USD or    means the lawful currency of the United
                                                                                             with that security is rated by a RSRO. The
US$                  States of America.
                                                                                             status of such security as an Eligible
US Government        means short-term bills, notes and bonds                                 Security or First Tier Security shall be the
Direct Obligations   issued by the US Treasury.                                              same as that of the reference security.

US Person            means any citizen or resident of the US,           WAM                  means weighted average maturity, as
                     any corporation, partnership or other                                   defined in UCITS Notice 17 (as may be
                     entity created or organised in or under the                             amended from time to time) issued by the
                     laws of the US, any trust or estate the                                 Central Bank, which is a measure of the
                     income of which is subject to US federal                                average length of time to maturity of all of
                     income tax regardless of source or any                                  the underlying securities in the money
                     person falling within the definition of the                             market fund weighted to reflect the
                     term “US Person” under Regulation S                                     relative holdings in each instrument,
                     promulgated under the Securities Act of                                 assuming that the maturity of a floating
                     1933 (US).                                                              rate instrument is the time remaining until
                                                                                             the next interest rate reset to the money
                                                                                             market rate, rather than the time
                                                                                             remaining before the principal value of the
                                                                                             security must be repaid. In practice, WAM
                                                                                             is used to measure the sensitivity of a
                                                                                             money market fund to changing money
                                                                                             market interest rates. When calculating the
                                                                                             WAM, the impact of financial derivative


                                                                   11
                             Short-Term Investments Company (Global Series) plc
                                       Prospectus Dated 1 July 2011




DEFINITIONS (continued)
             instruments, deposits and efficient
             portfolio management techniques (where
             applicable) must be taken into account.

WAL          means weighted average life, as defined in
             UCITS Notice 17 (as may be amended from
             time to time) issued by the Central Bank,
             which is the weighted average of the
             remaining life (maturity) of each security
             held in a money market fund, meaning the
             time until the principal is repaid in full
             (disregarding interest and not discounting).
             The calculation of the WAL for floating rate
             securities and structured financial
             instruments does not permit the use of
             interest rate reset dates and instead only
             uses a security’s stated final maturity. WAL
             is used to measure the credit risk, as the
             longer the reimbursement of principal is
             postponed, the higher the credit risk. WAL
             is also used to limit the liquidity risk. When
             calculating the WAL, the impact of
             financial derivative instruments, deposits
             and efficient portfolio management
             techniques (where applicable) must be
             taken into account.




                                                              12
                                        Short-Term Investments Company (Global Series) plc
                                                  Prospectus Dated 1 July 2011




THE COMPANY                                                                   31 December 2009. She is also Executive Vice President of
                                                                              Invesco Distributors, Inc, and President and Principal Executive
                                                                              Officer of Short-Term Investments Trust and Aim Treasurer’s
GENERAL                                                                       Series Trust. In addition to serving on the Board of Directors and
The Company is a public limited liability investment company with             as a director of the Manager, Ms Dunn Kelley is also a director of
variable capital incorporated in Ireland on 12 June 1995 under                Invesco Mortgage Capital Inc. She is also a member of Invesco’s
registration number 234497 and has adopted segregated liability               Executive Management and Worldwide Institutional Strategy
between Portfolios. The Company is authorised by the Central                  Committee. Ms. Dunn Kelley has been in the investment business
Bank as a UCITS under the UCITS Regulations to provide for the                since 1982. Prior to joining Invesco she was a Trader at Federated
collective investment of its assets in Transferable Securities and            Investors, Inc. in Pittsburgh where she was responsible for the
other Liquid Financial Assets by promoting the sale of its Shares             cash management of the entire Federated family of over 40
to the public operating on the principle of risk spreading.                   mutual fund products. She also served as Vice President of Drexel
Authorisation by the Central Bank does not constitute a warranty              Burnham Lambert in New York, where she managed the Fixed
by the Central Bank as to the creditworthiness or financial                   Income High Grade Retail desk.. Ms Dunn Kelley joined Invesco in
standing of the Company and the Central Bank shall not be liable              1989 as a Money Market Portfolio Manager and in 1992 was
for the performance or default of the Company.                                named Chief Money Market and Government Officer. In 1995 she
                                                                              was responsible for the creation of the Company. Other portfolios
The Company has been structured as an umbrella fund in that                   created and managed under her leadership include private trusts;
different series of Shares may be issued from time to time by                 U.S. ERISA portfolios and Canadian domiciled money market
direction of the Board of Directors in accordance with the                    funds. In April 2007, Ms Dunn Kelley was named CEO of Invesco’s
requirements of the Central Bank. A separate portfolio of assets              newly combined fixed income and cash management teams, one
will be maintained for each series of Shares and will be invested             of the largest fixed income operations in the world.
in accordance with the investment objective and policies
applicable to such Portfolio. The investment objective and                    Leslie Schmidt, CPA (American) is a Managing Director
policies of each Portfolio and other details in relation to such              responsible for a majority of Invesco's worldwide fund accounting
Portfolio will be set out in the Relevant Supplement which should             ex-Asia Pacific. She is also Senior Vice President of Invesco
be read in conjunction with this Prospectus. The Base Currency of             Advisers, Inc., a U.S. registered investment adviser subsidiary of
each Portfolio will be specified in the Relevant Supplement.                  Invesco Ltd.

As the Company is availing of the provisions of the Investment                Since 1992, Ms. Schmidt has served in various roles and
Funds, Companies and Miscellaneous Provisions Act 2005, as                    capacities with Invesco Ltd. and its various investment advisory
amended, it is intended that the Company will not be liable as a              and distributor subsidiaries in various locations. She is also a
whole to third parties for the liabilities of each Portfolio. However,        director of Invesco Global Asset Management Company Limited,
investors should note the risk factor under “Umbrella Structure of            an Irish management company and Invesco Management S.A., a
the Company” in the Relevant Supplement.                                      Luxembourg management company. Ms. Schmidt is a director of
                                                                              a number of Invesco promoted funds. Ms. Schmidt was the
Each Portfolio, regardless of its Base Currency, will seek to                 General Manager of the Invesco Dublin office from March 2008
provide its Shareholders with a competitive level of current                  until December 2010. Prior to joining Invesco, Ms.Schmidt spent
income consistent with protection of investor capital and liquidity           seven years with KPMG Peat Marwick in a number of progressive
by investing in a diversified, actively managed portfolio of Money            auditing roles primarily in the investment services area. Ms.
Market Instruments and other short-term fixed-income securities               Schmidt is a Certified Public Accountant and a member of the
which the Investment Advisers to that Portfolio consider to be of             American Institute of Certified Public Accountants.
high quality.
                                                                              Brian Collins (Irish). Mr. Collins joined Bank of Ireland (Corporate
THE BOARD OF DIRECTORS                                                        Banking) in 1972 where he held various management positions.
                                                                              From 1986 to 1992 Mr. Collins served as General Manager and
The Board of Directors is responsible for managing the affairs of             Managing Director of Bank of Ireland’s Hong Kong business and
the Company in accordance with the Articles. The Board may with               was primarily engaged in Treasury, Corporate and Trade Finance
the approval of the Central Bank delegate certain functions to the            before his appointment as Managing Director of Bank of Ireland
Manager, the Administrator, the Investment Advisers and other                 International Finance in 1992 where he served until 1996. From
parties subject to supervision and direction by the Board. The                1996 until July 2004, Mr. Collins served as Managing Director of
Board has delegated the day-to-day administration of the                      Bank of Ireland Securities Services where he had responsibility
Company to the Manager and consequently none of the Directors                 for client assets in excess of €120 billion and was a member of
is an executive Director. The Manager has in turn delegated day-              the Bank of Ireland Group Operating Risk Committee. Mr. Collins
to-day administration of the Company to the Administrator.                    was formerly Chairman of the Dublin Funds Industry Association
                                                                              and Chairman of An Taoiseach’s Fund Industry Committee. Mr.
The Directors are listed below with principal occupations. The
                                                                              Collins is a fellow of the Institute of Bankers in Ireland. Mr. Collins
address of the Directors is the registered office of the Company.
                                                                              holds other non executive directorships, mostly in the fund
Karen Dunn Kelley (American) is Chief Executive Officer of Invesco            management industry.
Fixed Income, with responsibility for its fixed income and cash
                                                                              Cormac O’Sullivan (Irish) is the head of Invesco Ireland and a
management business, which employs over 100 investment
                                                                              director of Invesco Global Asset Management Company Limited,
professionals and with US$153.4 billion in assets as of

                                                                         13
                                        Short-Term Investments Company (Global Series) plc
                                                  Prospectus Dated 1 July 2011




THE BOARD OF DIRECTORS (continued)                                           total management fees that may be charged to such Class of such
                                                                             Portfolio and each of the other UCITS and/or other collective
an Irish management company. He is also a director of a number               investment schemes concerned shall not be higher than the
of Invesco-promoted funds. Mr O’Sullivan is a member of the                  maximum annual management fee specified for the relevant
Invesco Global Product Committee which is responsible for the                Class of such Portfolio specified in the Relevant Supplement. In
on-going development of the Invesco Global Product Range. Mr                 such circumstances, the Company will indicate in its annual
O’Sullivan joined Invesco in 2000 and has served in various roles,           report the total management fees charged to both the relevant
including the establishment of an internal team to provide project           Class of such Portfolio and to the other UCITS and/or other
management and consultancy across the organisation. Prior to                 collective investment schemes in which such Portfolio has
joining Invesco, Mr O’Sullivan worked with the Bank of Ireland in a          invested during the relevant period.
number of progressive roles in the bank’s information technology
division. Mr O’Sullivan is a member of the Institute of Bankers in           CROSS INVESTMENT
Ireland.
                                                                             Where it is appropriate to its investment objective and policies a
INVESTMENT OBJECTIVE, POLICIES AND                                           Portfolio may also invest in other Portfolios. A Portfolio may only
RESTRICTIONS                                                                 invest in another Portfolio if the Portfolio in which it is investing
                                                                             does not itself hold Shares in any other Portfolio. Any commission
The investment objective and policies for each Portfolio, and the            received by the Manager or an Investment Adviser in respect of
investment restrictions and distribution policies in relation                such investment will be paid into the assets of the Portfolio. Any
thereto, will be formulated in all cases subject to the                      Portfolio that is invested in another Portfolio, may not charge an
requirements of the UCITS Regulations by the Board of Directors              annual management fee in respect of that portion of its assets
in consultation with the Manager at the time of creation of each             invested in other Portfolios. No subscription, conversion or
Portfolio and will be disclosed in the Relevant Supplement. Any              redemption fees will be charged on any such cross investments by
changes to the investment objective or policies of a Portfolio will          a Portfolio.
be the responsibility of the Board of Directors. The Board of
Directors may have adopted further investment restrictions for               INVESTMENT RISKS
each of the Portfolios, which can be found in the Relevant
Supplements. The investment objective of a Portfolio may be                  Investment in the Company carries with it a degree of risk.
changed with the approval of the Shareholders of the relevant                Investment risk factors for an investor to consider will be
Portfolio by way of Ordinary Resolution. Changes to investment               specified in the Relevant Supplement.
policies which are material in nature may only be made by the
Shareholders of the relevant Portfolio by Ordinary Resolution. No            DIVIDEND AND YIELD INFORMATION
change to the investment objectives or policies of the Company
will take effect until the Relevant Supplements and KIIDs, as                The Articles empower the Board of Directors to declare dividends
applicable, have been amended in accordance with the                         in respect of any Shares in the Company. The Board may exercise
requirements of the Central Bank and, where such changes affect              this power in respect of any Class and in respect of one Class to
those Portfolios registered in Hong Kong, the SFC, and the                   the exclusion of any other Class. The distribution policy for each
Shareholders have received reasonable prior notice thereof.                  Class will be specified in the Relevant Supplement. Dividend and
                                                                             yield information for each Class in a Portfolio may be obtained by
Additional Investment Restrictions applicable to those                       calling the Administrator at the number listed on the Account
Portfolios registered in Hong Kong                                           Application Form related to the Relevant Supplement. Yields will
Notwithstanding the availability of investment powers under the              fluctuate and are not necessarily indicative of future results.
UCITS Directive 2001/108/EC and the incorporation of the same                Upon request, the daily dividend per Share and current yield
into the offering and constitutive documents for the Company, for            information for each Class thereof will be provided to each
so long as the Company and any Portfolios remain registered in               Shareholder.
Hong Kong by the SFC and unless otherwise approved by the SFC,
the relevant Portfolios will not enter into financial derivative             THE SHARES
instruments (other than for efficient portfolio management or
hedging purposes). Unless otherwise agreed with the SFC, not
less than one month’s prior written notice will be given to existing
                                                                             SUBSCRIPTION FOR SHARES
investors of the relevant Portfolios of any change to this policy            The Board of Directors is given authority to issue Shares of any
and this Prospectus will be updated accordingly.                             Portfolio or Class thereof and, in accordance with the
                                                                             requirements of the Central Bank and, where such issue of Shares
Where a Portfolio registered in Hong Kong invests in other UCITS
                                                                             relates to a Portfolio registered in Hong Kong, the SFC, to create
and/or other collective investment schemes that are managed,
                                                                             a new series or Classes of Shares on such terms as they may from
directly or by delegation, by the Manager or by any other
                                                                             time to time determine. Issues of Shares will be made on any
company to which the Manager is linked by common management
                                                                             Dealing Day. A Portfolio may offer multiple Classes which may
or control, or by a substantial direct or indirect holding (i.e. more
                                                                             differ in terms of distribution arrangements and related fees and
than 10% of the capital or voting rights), there will be no increase
                                                                             expenses, as specified in the Relevant Supplement. The terms
in the overall total of initial charges or any other costs and
                                                                             and conditions applicable to an issue of Shares in a Portfolio,
charges payable to the Manager or any of its connected persons
                                                                             together with subscription and settlement details and
borne by Shareholders or the relevant Portfolio. In addition, the
                                                                             procedures, will also be specified in the Relevant Supplement.

                                                                        14
                                         Short-Term Investments Company (Global Series) plc
                                                   Prospectus Dated 1 July 2011




THE SHARES (continued)
                                                                               of Shares may be suspended in the circumstances set out below
SUBSCRIPTION FOR SHARES (continued)
                                                                               at “Temporary Suspension of Dealings”.
Shares shall be issued at the Net Asset Value per Share, as
                                                                               Redeeming Shareholders should note that the Redemption Price
determined in accordance with the valuation procedures set forth
                                                                               may be affected by the fluctuations in value of the underlying
in this Prospectus, plus any commissions or other charges
                                                                               investments during the period between the lodgement of the
specified in the Relevant Supplement.
                                                                               redemption request and the date when the redemption price is
                                                                               calculated.
SUBSCRIPTIONS IN SPECIE
The Board of Directors may issue Shares in exchange for any                    REDEMPTIONS IN SPECIE
assets in which the Company may invest in accordance with the
                                                                               Redemption proceeds may, with the consent of the redeeming
particular investment objective and policies of the relevant
                                                                               Shareholder, be paid by a distribution in specie of assets of the
Portfolio. No Shares shall be issued in exchange for such assets
                                                                               Portfolio to the Shareholders provided any such distributions in
unless the Board of Directors is satisfied that (i) the number of
                                                                               specie will not materially prejudice the remaining Shareholders
Shares issued in the relevant Portfolio will not be more than the
                                                                               and the assets allocated have been approved by the Custodian.
number which would have been issued for settlement in cash
                                                                               Redemption proceeds may be paid in specie, at the discretion of
having valued the assets to be exchanged in accordance with the
                                                                               the Directors and with the consent of the redeeming
valuation provisions set out in the Articles and summarised
                                                                               Shareholders, if the number of Shares to be redeemed on any
herein; and (ii) all fiscal duties and charges arising in connection
                                                                               Dealing Day is equal to one tenth or more of the total number of
with the vesting of such assets in the Custodian for the account
                                                                               Shares in issue on that Dealing Day. In effecting such a
of the relevant Portfolio are paid by the person to whom the
                                                                               redemption in specie the Company shall transfer to each
Shares in such Portfolio are to be issued or, at the direction of the
                                                                               redeeming Shareholder that proportion of the assets which is
Board of Directors, partly by such person and partly out of the
                                                                               then equivalent in value to the Shareholding of that Shareholder,
assets of such Portfolio; and (iii) the Custodian is satisfied that (a)
                                                                               adjusted as the Directors may determine to reflect the liabilities
the terms of such exchange shall not prejudice the Shareholders
                                                                               of the Company. The Directors shall determine the nature and
in the relevant Portfolio, and (b) that the investments have been
                                                                               type of assets to be transferred to each Shareholder on such
vested in the Custodian.
                                                                               basis as the Directors shall in their sole discretion deem equitable
                                                                               and not prejudicial to the interests of the remaining Shareholders.
SUBSCRIPTION BY OR TRANSFERS TO ANY US                                         For these purposes, the value of the assets shall be determined
PERSON                                                                         on the same basis as used in calculating the redemption proceeds
While Shares will generally not be issued or transferred to any US             payable in respect of the Shares.
Person, the Board of Directors may authorise the purchase by, or
transfer of Shares to, a US Person provided that: (i) such                     POWER OF THE COMPANY TO REFUSE TO EFFECT
purchase or transfer does not result in a violation of the 1933 Act            REDEMPTIONS
or the securities laws of any of the states of the US; (ii) such
                                                                               The Articles provide that if redemption requests on any Dealing
purchase or transfer would not require the Company to register
                                                                               Day equal or exceed 10% or more of the outstanding Shares in
under the 1940 Act; and (iii) such purchase or transfer will not
                                                                               issue, the Board of Directors may elect to restrict the total
result in any adverse tax consequences to the Company or the
                                                                               number of Shares to be redeemed to 10% of the outstanding
Shareholders. Each investor who is a US Person will be required
                                                                               Shares in issue on that Dealing Day, in which case all redemption
to provide such representations, warranties or documentation as
                                                                               requests will be scaled down pro rata to the size of the request.
may be required to ensure that these requirements are met prior
                                                                               The balance of the Shares in respect of which redemption
to the issue of Shares to such US Person.
                                                                               requests have been received will be redeemed on the next
                                                                               succeeding Dealing Day in priority to any requests received
SHAREHOLDERS’ REGISTER                                                         thereafter, subject to the same 10% restriction.
The Administrator shall be responsible for maintaining a register
of Shareholders in which all issues, redemptions and transfers of              DETERMINATION OF NET ASSET VALUE
Shares will be recorded. Certificates will not be issued in respect
                                                                               The Net Asset Value and the Net Asset Value per Share in any
of Shares. Confirmation of each purchase will be sent to
                                                                               Portfolio shall be calculated in accordance with the Articles and
Shareholders within the time period specified in the Relevant
                                                                               the Relevant Supplement.
Supplement.
                                                                               The Articles specify that the following valuation rules are to be
REDEMPTION OF SHARES                                                           used in valuing the Company’s assets:-

Shareholders may redeem their Shares at the Net Asset Value per                (a) The Board of Directors shall determine the method of
Share on any relevant Dealing Day in accordance with the                           valuation to be used in respect of each Portfolio provided that
procedures specified in the Relevant Supplement. Any                               such method shall be set out in the Articles and shall be
redemption fees charged with respect to the redemption of                          specified in the Relevant Supplement and provided further
Shares are set forth in the Relevant Supplement. The redemption                    that any change in the method of valuation of any Portfolio

                                                                          15
                                       Short-Term Investments Company (Global Series) plc
                                                 Prospectus Dated 1 July 2011




THE SHARES (continued)
                                                                                   provides the fairest criteria in a value for the investment
DETERMINATION OF NET ASSET VALUE                                                   or asset;
(continued)
   set out in the Relevant Supplement shall first be approved by               (ii) if no closing price is available or if the closing price is
   the Custodian and the Central Bank and that the Directors                        unrepresentative in the opinion of the Directors, the
   shall advise the Shareholders of such change in the next                         investment or asset shall be valued at the probable
   succeeding semi-annual report or annual report of the                            realisation value estimated with care and good faith by a
   Company.                                                                         competent person nominated by the Directors and
                                                                                    approved for such purpose by the Custodian. In
(b) The Directors shall be entitled to value, or procure the                        determining the probable realisation value the Directors
    valuation of, the Shares of any Portfolio using the amortised                   shall be entitled to rely upon such value as shall be
    cost method of valuation whereby the assets of the Portfolio                    certified by a competent person, firm or corporation
    are valued at their cost of acquisition adjusted for                            approved for the purpose by the Custodian which provides
    amortisation of premium or accretions of discount on the                        a satisfactory market in any part of the world in such
    assets. The amortised cost method of valuation will only be                     investments or assets or by a stockbroker or other
    used in respect of assets of a Portfolio which have a residual                  professional person approved for the purpose by the
    maturity of up to and including 397 days. The WAM of such                       Custodian or such other value as the Directors or their
    Portfolio must not exceed 60 days and the WAL of such                           delegate, in consultation with the Investment Adviser(s)
    Portfolio must not exceed 120 days. Where the amortised                         and with the approval of the Custodian, considers in the
    cost method of valuation is used, the Directors will also value,                circumstances to represent the probable realisation value
    or procure the valuation of, the assets at their market value                   of the investment or assets; and
    at regular intervals, but at least weekly, for comparison
    purposes. If such comparative valuation indicates that the                 (iii) for the purposes of ascertaining market dealing prices,
    Net Asset Value per Share of a Portfolio based on an                             the Company shall be entitled to use and to rely upon
    amortised cost valuation significantly deviates from the Net                     EXTEL (i.e. the Exchange Telegraph Prices Tape) or other
    Asset Value per Share of such Portfolio based on a market                        recognised systems of valuation dissemination approved
    valuation, and such deviation could result in a material                         by the Custodian.
    dilution of the value of the Shares of that Portfolio or be             (b) the value of any investment which is not normally listed,
    otherwise detrimental to the Shareholders, the Directors on                 quoted or traded in on a Recognised Market shall be the
    the advice of the Manager shall take such action as it deems                probable realisation value of the investment estimated with
    appropriate to eliminate or to reduce to the extent reasonably              care and good faith by a competent person approved for the
    practicable such dilution or detriment. Any such review of the              purpose by the Custodian, which may be the Directors or their
    amortised cost valuation vis-à-vis market valuation and the                 delegate in consultation with the Investment Adviser(s);
    engagement of escalation procedures will be carried out in
    accordance with the Central Bank’s guidelines.                          (c) cash, deposits and similar investments together with all
                                                                                accrued interest thereon shall be valued at face value unless
(c) The Board of Directors with the approval of the Custodian                   the Directors in their discretion consider it appropriate to
    may permit the adjustment of the value of any assets if,                    make any adjustment thereto;
    having regard to applicable currencies, interest rates,
    maturities, marketability and/or such other considerations as           (d) units or shares in collective investment schemes shall be
    they may deem relevant, they consider that such adjustment                  valued on the basis of the latest redemption price of such
    is required to reflect the fair value thereof.                              units or shares;

(d) If in any case a particular value is not ascertained as above           (e) derivative instruments which are traded on a Recognised
    provided, or if the Board shall consider that some other                    Market or market shall be valued at the settlement price as
    method of valuation better reflects the fair value of the                   determined by the relevant Recognised Market, provided that
    relevant asset, then in such case the method of valuation of                where it is not the practice of the relevant exchange or
    the relevant asset shall be such as the Board in their absolute             market to quote a settlement price, or if a settlement price is
    discretion shall decide with the approval of the Custodian.                 not available for any reason, such instruments shall be valued
                                                                                at their probable realisation value estimated with care and
In the unlikely event that the amortised cost method of valuation               good faith by a competent person approved for the purpose
is not used, the following valuation methods will be applied:-                  by the Custodian, which competent person may be the
(a) the value of any investments or assets which are normally                   Directors or their delegate in consultation with the relevant
    listed, quoted or dealt in on a Recognised Market shall be                  Investment Adviser; and
    calculated by reference to the closing price on the relevant            (f) derivative instruments not traded on a Recognised Market
    Dealing Day provided that:-                                                 shall be valued by the counterparty at least daily, provided
   (i) if the investment or asset is normally listed, quoted or                 that the valuation is verified at least weekly by a competent
       dealt in on more than one Recognised Market, the                         professional person or firm (who is independent from the
       relevant Recognised Market shall be the Recognised                       counterparty) approved for the purpose by the Custodian.
       Market which the Directors or their delegate determine
                                                                       16
                                       Short-Term Investments Company (Global Series) plc
                                                 Prospectus Dated 1 July 2011




THE SHARES (continued)
                                                                            levels set forth in the Relevant Supplement. Before any such
DETERMINATION OF NET ASSET VALUE                                            redemption is effected, the Distributor shall notify the
(continued)                                                                 Shareholder in writing. The Shareholder will then be allowed 30
Except where the determination of the Net Asset Value per Share             days to purchase additional Shares to meet specified required
has been temporarily suspended in the circumstances described               minimum levels.
in this Prospectus or as may otherwise be specified in the
Relevant Supplement, the Net Asset Value of the Shares and the              Shareholders are required to notify the Administrator
issue and Redemption Prices thereof shall be made available on              immediately when at any time following their initial subscription
the website of the Irish Stock Exchange (www.ise.ie) and kept up-           for Shares in the Company, they become US Persons, Irish
to-date. In addition, these prices shall be made available at the           Residents or cease to be Exempt Investors, or the Declaration
registered office of the Administrator and shall be notified to the         made by or on their behalf is no longer valid. Shareholders are
Irish Stock Exchange by the Administrator immediately upon                  also required to notify the Administrator immediately in the event
calculation. Unless otherwise specified in the Relevant                     that they hold Shares for the account or benefit of US Persons,
Supplement it is intended that the Net Asset Value of the Shares            Irish Residents or Irish Residents who cease to be Exempt
in each Portfolio and the issue and Redemption Prices thereof will          Investors and in respect of which the Declaration made on their
be calculated and made public on a daily basis in the manner                behalf is no longer valid or where they hold Shares in the
outlined above.                                                             Company in breach of any law or regulation or otherwise in
                                                                            circumstances having or which may have adverse regulatory, tax
                                                                            or fiscal consequences for the Company, any Portfolio or its
TRANSFER OF SHARES                                                          Shareholders.
All transfers of Shares shall be effected in writing in such form as
                                                                            Where the Directors become aware that a Shareholder; (i) is a US
the Administrator may from time to time approve. The instrument
                                                                            Person or is holding Shares for the account of a US Person; or (ii)
of transfer of the Shares shall be signed by the transferor. The
                                                                            is holding Shares in breach of any laws or regulations of any
transferor shall be deemed to remain the holder of the Shares
                                                                            country or government authority or otherwise in circumstances
until the name of the transferee is entered in the register of
                                                                            (whether directly or indirectly) affecting such person or persons,
Shareholders. The Administrator (having consulted with the
                                                                            and whether taken alone or in conjunction with any other persons
Manager) may decline to register any transfer of Shares (a) if the
                                                                            connected or not, or any other circumstances appearing to the
transferee is a US Person; (b) if, in the opinion of the Directors,
                                                                            Directors to be relevant which, in the opinion of the Directors,
the transfer would be unlawful or result or be likely to result in
                                                                            might result in the Company, Portfolio, or any Shareholder
any adverse regulatory, tax or fiscal consequences for or
                                                                            incurring any liability to taxation or suffering any other pecuniary,
administrative burden to, the Company or the Shareholders; (c) in
                                                                            fiscal, legal, regulatory, or material administrative disadvantage
the absence of satisfactory evidence of the transferee’s identity;
                                                                            which the Company or Shareholder might not otherwise have
or (d) where the Company is required to redeem appropriate or
                                                                            incurred or suffered; or which would (i) give rise to a breach of
cancel such number of Shares as are required to meet the
                                                                            any applicable law or regulation in any jurisdiction, (ii) prejudice
appropriate tax of the Shareholder on such transfer. A proposed
                                                                            the tax status or residence of the Company or its Shareholders as
transferee may be required to provide such representations,
                                                                            a whole, or (iii) cause the Company to be required to comply with
warranties or documentation as the Directors may require in
                                                                            any registration or filing requirements in any jurisdiction with
relation to the above matters. In the event that the Company
                                                                            which it would not otherwise be required to comply, the Directors
does not receive a Declaration in respect of the transferee, the
                                                                            may; (a) direct the Shareholder to dispose of those Shares to a
Company will be required to deduct appropriate tax in respect of
                                                                            person who is qualified or entitled to own or hold the Shares
any payment to the transferee or any sale, transfer, cancellation,
                                                                            within such time period as the Directors stipulate; or (b) redeem
redemption, repurchase, or other payment in respect of the
                                                                            the Shares at their Redemption Price as at the Dealing Day after
Shares as described in the section headed “Taxation” below.
                                                                            the date of notification to the Shareholder or following the end of
                                                                            the period specified for disposal pursuant to (a) above.
CONVERSION OF SHARES
                                                                            Under the Articles, any person who becomes aware that he is
Conversions of Shares between Portfolios are permitted.                     holding Shares in contravention of any of the above provisions
Conversions will be effected at the respective Net Asset Value per          and who fails to transfer, or deliver for redemption, his Shares if
Share of the relevant Portfolios, using prevailing exchanges rates          so directed by the Directors pursuant to the above provisions, or
(if applicable), calculated on the Dealing Day on which the request         who fails to make the appropriate notification to the
for exchange is accepted. A fee or handling charge of up to 1% of           Administrator, is obliged to indemnify and hold harmless each of
the Net Asset Value of the Shares to be converted may be                    the Directors, the Company, the Manager, the Custodian, the
charged in connection with any such conversion.                             Administrator, each Investment Adviser and any Shareholder
                                                                            (each an “Indemnified Party”) from any claims, demands,
MANDATORY REDEMPTION OF SHARES                                              proceedings, liabilities, damages, losses, costs and expenses
                                                                            directly or indirectly suffered or incurred by such Indemnified
Due to the high cost of maintaining a low balance for any
                                                                            Party arising out of or in connection with the failure of such
Shareholder, the Company may redeem the Shares of any
                                                                            person to comply with his obligations pursuant to any of the
Shareholder if its holdings in any Portfolio fall below minimum
                                                                            above provisions.

                                                                       17
                                      Short-Term Investments Company (Global Series) plc
                                                Prospectus Dated 1 July 2011




THE SHARES (continued)
TEMPORARY SUSPENSION OF DEALINGS                                          governing the responsibilities of the Manager and provides for its
                                                                          indemnification, subject to exclusions in the case of negligence,
The Company may, with the approval of the Custodian,                      wilful default or fraud of or by the Manager in the performance or
temporarily suspend the calculation of net asset value and                non-performance of its duties, in the case of reckless disregard
dealings in the Shares of any Portfolio during:—                          by the Manager of its duties and obligations under the
(a) any period when any Recognised Market for a substantial               Management Agreement, and in the case of a breach by the
    portion of the investments comprised in the Portfolio is              Manager of the Management Agreement. The Management
    closed otherwise than for ordinary holidays, or when dealings         Agreement shall continue in force until terminated by the
    in any such markets are restricted or suspended;                      Manager on 90 days written notice, or upon immediate
                                                                          termination if either party (i) commits any breach or persistent
(b) the existence of any emergency as a result of which disposal          breaches of the Management Agreement which is either
    or valuation of a substantial portion of the investments              incapable of remedy or has not been remedied within 30 days of
    comprised in the Portfolio cannot be effected without                 the other party serving notice upon the defaulting party requiring
    prejudicing the interest of Shareholders;                             it to remedy same; (ii) is unable to pay its debts as they fall due
                                                                          or otherwise becomes insolvent or enters into any composition or
(c) any period when the value of a substantial portion of the
                                                                          arrangement with or for the benefit of its creditors or any class
    investments comprised in the Portfolio cannot be accurately
                                                                          thereof; (iii) is the subject of a petition for the appointment of an
    ascertained; or
                                                                          examiner, administrator, trustee, official assignee or similar
(d) any period when the Company is unable to repatriate funds             officer to it or in respect of its affairs or assets; (iv) has a receiver
    for the purpose of making payments on the redemption of               appointed over all or a substantial part of its undertakings, assets
    Shares, or when the realisation of investments comprised in           or revenues; (v) is the subject of an effective resolution for its
    the Portfolio, or the transfer or payment of funds in                 winding up, except in relation to a voluntary winding up for the
    connection therewith cannot be effected at normal prices or           purposes of reconstruction or amalgamation upon terms
    at normal rates of exchange.                                          previously approved in writing by the other party; or, (vi) is the
                                                                          subject of a court order for its winding up. The Company may
Any such suspension shall be notified immediately to the Central          terminate the Management Agreement at any time by notice to
Bank, the Irish Stock Exchange and the Shareholders and shall be          the Manager if the Manager’s Tax Certificate under Section 39(B)
published by the Company in the Financial Times if it is likely to        of the Finance Act 1980 of Ireland is revoked or if notice of
exceed 14 days and where possible all reasonable steps will be            intention to revoke such Tax Certificate is received by the
taken to bring any period of suspension to an end as soon as              Manager, or the Manager is otherwise no longer permitted to
possible.                                                                 perform its obligations under any applicable law.

MANAGEMENT AND ADMINISTRATION                                             The directors of the Manager, all of whom are non-executive
                                                                          directors, are Brian Collins, Karen Dunn Kelley, Leslie Schmidt
THE MANAGER                                                               and Cormac O’Sullivan each of whom also serves as a Director of
                                                                          the Company.
The Manager was incorporated in Ireland as a private limited
liability company on 12 August 1994, under registration number            INVESTMENT ADVISERS AND DISTRIBUTOR
220773. The issued share capital of the Manager is
US$1,200,000 which is fully paid up. The Manager is a wholly-             The Manager, with the approval of the Central Bank and (in the
owned indirect subsidiary of Invesco Ltd. The Manager is engaged          case of any Portfolio registered in Hong Kong) the SFC, where
in the business of providing management, administration and               applicable may appoint one or more Investment Advisers to each
related services to collective investment schemes such as the             Portfolio to assume day to day responsibility for providing
Company. The Manager has been appointed by the Board to                   investment management and/or advisory services on behalf of
provide these services to the Company and has delegated certain           the Manager in relation to such Portfolio.
of its duties for the provision of these services to the
                                                                          The Manager has appointed the Investment Advisers as
Administrator as described below. The Manager, which is also the
                                                                          investment advisers to the Portfolios responsible for providing
promoter of the Company, may, with the approval of the Central
                                                                          investment management and advisory services on behalf of the
Bank and, in the case of any Portfolio registered in Hong Kong,
                                                                          Manager and, in the case of Invesco Global, distribution services
the SFC, delegate investment management, advisory or
                                                                          for the promotion and sale of Shares.
distribution services in relation to the Company or any Portfolio
as set forth below. The Manager has delegated its discretionary           Invesco Advisers, Inc, formerly Invesco Institutional (N.A.) Inc.
investment management responsibilities for any Portfolio                  into which entity Invesco Aim Capital Management, Inc., the
registered in Hong Kong by the SFC to the relevant Investment             Company’s investment adviser was consolidated on 31 December,
Adviser(s) named in the Relevant Supplement.                              2009, was incorporated under the laws of the State of Delaware.
                                                                          It is registered as an investment adviser with the US Securities
The Management Agreement between the Manager and the
                                                                          and Exchange Commission under the Investment Advisers Act of
Company, dated 28 September 1995 as amended from time to
                                                                          1940.
time (the “Management Agreement”), contains provisions


                                                                     18
                                        Short-Term Investments Company (Global Series) plc
                                                  Prospectus Dated 1 July 2011




MANAGEMENT AND ADMINISTRATION (continued)
                                                                              engaged in the provision of fund administration, accounting,
INVESTMENT ADVISERS AND DISTRIBUTOR                                           registration, transfer agency and related shareholder services to
(continued)                                                                   collective investment schemes and investment funds.
Invesco Asset Management Limited was incorporated under the
laws of England on 7 March 1969 (under registration number                    The Manager has appointed the Administrator to provide fund
949417) and is regulated in the United Kingdom by FSA. Both                   administration services to the Company pursuant to an
Investment Advisers are wholly owned subsidiaries of Invesco Ltd.             Administration Agreement, dated 28 September 1995, as
                                                                              amended from time to time (the “Administration Agreement”).
The Investment Advisory Agreement dated 9 October 1995, as                    The day-to-day administrative services provided to the Company
amended from time to time, between the Manager and Invesco                    by the Administrator include maintaining the Company’s books
Advisers, Inc. and the Investment Advisory and Distribution                   and records, receiving and processing subscription and
Agreement dated 29 December 2000, as amended from time to                     redemption orders, allotting and issuing Shares, maintaining the
time, between the Manager and Invesco Asset Management                        Shareholder register, acting as transfer agent and assisting with
Limited, acting through Invesco Global (collectively, the                     the preparation of annual and semi-annual reports of the
“Agreements”), each provide that in the absence of negligence,                Company. The Administrator’s responsibilities also include the
wilful default, bad faith or fraud, the Investment Advisers shall             provision of fund accounting services, including the daily
not be liable to the Manager, the Company, the Shareholders or to             calculation of the Net Asset Value and the Net Asset Value per
any other person for any act or omission of the Investment                    Share.
Advisers in the performance of their respective obligations and
duties thereunder.                                                            The Administration Agreement can be terminated by either party
                                                                              on 90 days’ written notice or immediately if either party
Under the Investment Advisory and Distribution Agreement,                     (i) commits any breach of the Agreement which is either
Invesco Global has agreed to act as Distributor for the Company               incapable of remedy or has not been remedied within 30 days of
and has agreed to use all reasonable endeavours to procure                    the other party serving notice upon the defaulting party requiring
subscribers for Shares and to advise the Company of actions                   it to remedy same; (ii) is unable to pay its debts as they fall due
which would be advantageous to the Company in selling the                     or otherwise becomes insolvent or enters into any composition or
Shares. Invesco Global is prohibited from selling, offering for sale          arrangement with or for the benefit of its creditors; (iii) is the
or promoting the Shares generally to US Persons and is obliged to             subject of a petition for the appointment of an examiner or similar
carry out its duties in accordance with applicable laws. Invesco              officer; (iv) has a receiver appointed over all or a substantial part
Asset Management has agreed to indemnify the Company for                      of its undertakings, assets or revenues; (v) is the subject of an
losses arising from a breach of its obligations under the                     effective resolution for its winding up except in relation to a
Investment Advisory and Distribution Agreement and for losses                 voluntary winding up for the purposes of reconstruction or
arising from its own negligence, wilful default, bad faith or fraud.          amalgamation upon terms previously approved in writing by the
The Agreements shall continue in force until termination by any               other party; or (vi) is the subject of a court order for its
party thereto on 90 days written notice to the other party. Each              winding up.
Agreement may also be terminated by either party thereto if the               In the absence of negligence, wilful default, bad faith or fraud the
other party shall at any time (i) commit any material breach of the           Administrator will not be liable to the Manager for any loss
Agreement which is either incapable of being remedied or has not              incurred by it as a result of the proper performance of its
been remedied within 30 days of the terminating party serving                 obligations and duties under the Administration Agreement.
notice upon the other party requiring it to remedy the same, (ii)
become incapable of performing its obligations or duties under
the Agreement, (iii) be unable to pay its debts as they fall due or
                                                                              THE CUSTODIAN
otherwise become insolvent or enter into any composition or                   The Company appointed the Custodian as custodian of its assets
arrangement with or for the benefit of its creditors or any class             pursuant to a Custodian Agreement dated 17 August 1998
thereof, (iv) have an examiner, administrator, trustee, official              between the Company and Allied Irish Banks p.l.c, as
assignee or similar officer appointed to it or in respect of its              subsequently novated and supplemented (together “the
affairs or assets, (v) have a receiver appointed over all or any              Custodian Agreement”). On 20 March 2008, the Custodian
substantial part of its undertakings, assets or revenues, (vi) be             changed its name to BNY Mellon Trust Company (Ireland) Limited.
the subject of an effective resolution for its winding up except in           The Custodian is incorporated under the laws of Ireland to provide
relation to a voluntary winding up for the purposes of                        banking services, including the provision of corporate trustee
reconstruction or amalgamation upon terms previously approved                 services for collective investment schemes.
in writing by the other party, or (vii) be the subject of a resolution
or a court order for its winding up.                                          The principal duties of the Custodian include the safekeeping of
                                                                              the Company’s assets, the maintenance of bank accounts and the
                                                                              timely settlement of all securities transactions. Under the
THE ADMINISTRATOR
                                                                              Custodian Agreement, the Custodian must segregate, keep and
The Administrator is a private limited company incorporated in                maintain the Money Market Instruments and other securities held
Ireland on 31 May 1994 (under registration number 218007), and                by each Portfolio separate and apart from the assets of the
has a paid up share capital of €254,000. The Administrator is                 Custodian and its affiliates.


                                                                         19
                                       Short-Term Investments Company (Global Series) plc
                                                 Prospectus Dated 1 July 2011




MANAGEMENT AND ADMINISTRATION (continued)
THE CUSTODIAN (continued)                                                   FEES AND EXPENSES
The Custodian Agreement provides for the indemnification of the             MANAGEMENT, ADMINISTRATION AND
Custodian for losses suffered in the proper performance of its              INVESTMENT ADVISORY FEES
duties under the Custodian Agreement, subject to the exclusions
in the case of the unjustifiable failure of the Custodian to perform        The Manager shall be entitled to receive from the Company a fee
its obligations or its improper performance of, including without           in relation to each Portfolio calculated as a percentage rate per
limitation, any matters arising from its own negligence, wilful             annum of the Net Asset Value of the Portfolio as specified in the
default or fraud in the performance of its duties or arising from           Relevant Supplement. The Manager may delegate certain of its
its reckless disregard of its duties or obligations or by reason of         responsibilities to the Administrator, or to one or more
its being in breach of any agreement with the Company. Under                Investment Advisers or to other third party service providers. All
the UCITS Regulations, the Custodian is obliged to enquire into             fees and costs arising in respect of such delegated
the conduct of the Company in each annual accounting period and             responsibilities shall be paid by the Manager from its
report thereon to the Shareholders stating whether in the                   Management fee. Management, administration and investment
Custodian’s opinion the Company has been managed in                         advisory fees in relation to each Portfolio will be specified in the
accordance with the limitations imposed on the investing and                Relevant Supplement for the Portfolio.
borrowing powers of the Company described in this Prospectus
                                                                            The Manager may, in its absolute discretion, from time to time
and in all other respects in accordance with the limitations
                                                                            agree to waive voluntarily all or any portion of its fee or to make
imposed on the investment and borrowing powers of the Company
                                                                            other arrangements to reduce the expenses of the Company or of
by the Memorandum and Articles and the UCITS Regulations and
                                                                            any Portfolio or Class thereof to the extent that such expenses
otherwise in accordance with the provisions of the Memorandum
                                                                            exceed such lower expense limitation as may be provided for in
and Articles and the UCITS Regulations and, if it has not been so
                                                                            agreements with the Company or as the Manager, by notice to the
managed, in what respects it has not been so managed and the
                                                                            Company, may voluntarily declare to be effective. The Manager
steps which the Custodian has taken to rectify the situation.
                                                                            may rebate all or part of its fees to any party that invests in or
Under the terms of the Custodian Agreement, the Custodian has               provides services to the Company or in respect of any Portfolio.
the full power to delegate the whole or any part of its custodial
functions in relation to the assets of the Company. The                     CUSTODIAN FEES
Custodian’s responsibilities in relation to any such delegate shall
be subject to the UCITS Regulations. The Custodian has                      The Custodian shall be entitled to receive from the Company a fee
appointed The Bank of New York Mellon as global sub-custodian.              in relation to the services provided by it to each Portfolio
                                                                            calculated as a percentage rate per annum of the net assets of
The Custodian Agreement may be terminated by either party at                the Portfolio as specified in the Relevant Supplement. The
any time upon 90 days notice in writing to the other party                  Custodian shall also be entitled to reimbursement of all
provided that such termination shall only take effect upon the              reasonable expenses incurred by it in the performance of its
appointment of a successor with the approval of the Central Bank            duties. The Custodian shall pay any global sub-custodian out of its
and (in the case of any Portfolio registered in Hong Kong) the              fees, provided that the fees payable to the sub-custodian are at
SFC. In addition, either party may terminate the Custodian                  normal commercial rates.
Agreement at any time (i) upon or after the other party going into
liquidation, except voluntary liquidation for the purposes of               OPERATIONAL EXPENSES
reconstruction or amalgamation upon terms previously approved
in writing by the other party, which approval shall not be                  The Company will pay certain other costs, charges, fees and
unreasonably withheld; (ii) if the other party is unable to pay its         expenses incurred in its operation, including without limitation
debts within the meaning of Section 214 of the Companies Act                fees and expenses incurred in relation to banking and brokerage
1963 of Ireland; (iii) in the event of the appointment of a receiver        in respect of the purchase and sale of Portfolio securities, taxes,
over any of the assets of the other party; (iv) if an examiner is           insurance, the costs and expenses of preparing, printing,
appointed to the other party or if some event having an                     publishing and distributing prospectuses, supplements, annual
equivalent effect occurs; or (v) if the other party commits any             and semi-annual reports and other documents to current and
material breach of its obligations under the Custodian Agreement            prospective Shareholders, the costs and expenses of obtaining
and fails to correct the breach within 30 days of the receipt of a          authorisations or registrations of the Company or of any Shares
notice served by the other party requiring it to do so. The                 with the regulatory authorities in various jurisdictions, including
Company may terminate the Custodian Agreement at any time if                the fees and expenses of any paying agent or local
the Custodian ceases to be authorised under applicable law to               representative, such fees and expenses being at normal
carry out its functions pursuant to the Custodian Agreement.                commercial rates. The Company will pay the cost of listing and
                                                                            maintaining a listing of Shares on any stock exchange, the costs
                                                                            of convening and holding Directors and Shareholders meetings,
                                                                            Directors fees and expenses (provided that the aggregate amount
                                                                            of all Directors’ remuneration in any one year shall not exceed
                                                                            US$50,000) and professional fees and expenses for legal,


                                                                       20
                                       Short-Term Investments Company (Global Series) plc
                                                 Prospectus Dated 1 July 2011




FEES AND EXPENSES (continued)
                                                                            The summary is based on Irish tax laws and the practice of the Irish
OPERATIONAL EXPENSES (continued)                                            Revenue Commissioners in effect on the date of this Prospectus
auditing and other consulting services and such other costs and             (and is subject to any prospective or retroactive change). Potential
expenses (including non-recurring and extraordinary costs and               investors in Shares should consult their own advisors as to the Irish
expenses) as may arise from time to time and which have been                or other tax consequences of the purchase, ownership and disposal
approved by the Directors as necessary or appropriate for the               of Shares.
continued operation of the Company or any Portfolio.                        Taxation of the Company
The expenses of each Portfolio are deducted from the total                  The Company intends to conduct its affairs so that it is Irish tax
income of such Portfolio before dividends are paid. Expenses of             resident. On the basis that the Company is Irish tax resident, the
the Company which are not directly attributable to the operation            Company qualifies as an ‘investment undertaking’ for Irish tax
of a particular Portfolio are allocated among all Classes of all the        purposes and, consequently, is exempt from Irish corporation tax
Portfolios in a manner determined by the Manager in its                     on its income and gains.
discretion. Expenses of the Company which are not directly                  The Company will be obliged to account for Irish tax to the Irish
attributable to a specific Class and which are directly attributable        Revenue Commissioners if Shares are held by non-exempt Irish
to a specific Portfolio are allocated among all Classes of such             resident Shareholders (and in certain other circumstances), as
Portfolio in a manner determined by the Manager in its discretion.          described below. Explanations of the terms “resident” and
In such cases, the expenses will normally be allocated among all            “ordinarily resident” are set out at the end of this summary.
Classes of such Portfolio pro-rata to the value of the net assets of
the Portfolio which are attributable to those classes. Expenses of          Taxation of Non-Irish Shareholders
the Company which are directly attributable to a specific Class             Where a Shareholder is not resident (or ordinarily resident) in
are charged against the income available for distribution as                Ireland for Irish tax purposes, the Company will not deduct any
dividends to the holders of such Class.                                     Irish tax in respect of the Shareholder’s Shares once the
                                                                            declaration set out in the application form accompanying this
DISTRIBUTION FEES AND SELLING COMMISSIONS                                   Prospectus has been received by the Company confirming the
                                                                            Shareholder’s non-resident status.
Investors in a Portfolio and Classes thereof may be subject to
such up-front sales and/or trail commissions and/or different               If this declaration is not received by the Company, the Company
payment provisions in relation to their Shares as may be provided           will deduct Irish tax in respect of the Shareholder’s Shares as if
for in the Relevant Supplement.                                             the Shareholder was a non-exempt Irish resident Shareholder
                                                                            (see below). The Company will also deduct Irish tax if the
Financial institutions or intermediaries who purchase Shares on             Company has information which reasonably suggests that a
behalf of their customers may charge fees for services provided             Shareholder’s declaration is incorrect. A Shareholder will
to such customers relative to their ownership of Shares.                    generally have no entitlement to recover such Irish tax, unless
Therefore, this Prospectus should be read together with any                 the Shareholder is a company and holds the Shares through an
agreement between the customer and the financial institution or             Irish branch and in certain other limited circumstances. The
intermediary with respect to the services provided, the fees                Company must be informed if a Shareholder becomes Irish tax
charged for such services, and any restrictions or limitations that         resident.
might be imposed.
                                                                            Generally, Shareholders who are not Irish tax resident will have no
                                                                            other Irish tax liability with respect to their Shares. However, if a
NOTIFICATION OF FEE INCREASES                                               Shareholder is a company which holds its Shares through an Irish
For so long as a Portfolio is registered in Hong Kong and solely            branch or agency, the Shareholder may be liable to Irish
with respect thereto, in the event of any increase of fees from the         corporation tax in respect of profits and gains arising in respect
level set out in the Relevant Supplement up to the maximum level            of the Shares (on a self-assessment basis).
permitted by the constitutive documents of the Company, at least            Taxation of Exempt Investors
one month’s prior notice (or such other period of notice as may be          Where a Shareholder is resident (or ordinarily resident) in Ireland
agreed with the Central Bank and the SFC) will be given to                  for Irish tax purposes and falls within any of the categories listed
affected Shareholders.                                                      in section 739D(6) Taxes Consolidation Act of Ireland (“TCA”), the
                                                                            Company will not deduct Irish tax in respect of the Shareholder’s
TAXATION                                                                    Shares once the declaration set out in the application form
                                                                            accompanying this Prospectus has been received by the Company
IRELAND                                                                     confirming the Shareholder’s exempt status.
The following is a summary of certain Irish tax consequences of the         The categories listed in section 739D(6) TCA can be summarised
purchase, ownership and disposal of Shares. The summary does not            as follows:
purport to be a comprehensive description of all of the Irish tax
considerations that may be relevant. The summary relates only to            1. Irish tax resident companies.
the position of persons who are the absolute beneficial owners of           2. Pension schemes (within the meaning of section 774, section
Shares and may not apply to certain other classes of persons.                  784 or section 785 TCA).

                                                                       21
                                       Short-Term Investments Company (Global Series) plc
                                                 Prospectus Dated 1 July 2011




TAXATION (continued)
                                                                           and transfers and, additionally, on ‘eighth anniversary’ events, as
IRELAND (continued)                                                        described below.
Taxation of Exempt Investors (continued)                                   Distributions by the Company
3. Companies carrying on life assurance business (within the               If the Company pays a distribution to a non-exempt Irish resident
   meaning of section 706 TCA).                                            Shareholder, the Company will deduct Irish tax from the
4. Investment undertakings (within the meaning of section                  distribution. If the distributions are paid annually or more
   739B TCA).                                                              frequently, Irish tax at a rate of 27% will be deducted by the
                                                                           Company from the distributions. If the distributions are paid less
5. Special investment schemes (within the meaning of section               frequently than annually, Irish tax at a rate of 30% will be
   737 TCA).                                                               deducted by the Company from the distributions. The Company
                                                                           will pay this tax to the Irish Revenue Commissioners.
6. Unauthorised unit trust schemes (to which section 731(5)(a)
   TCA applies).                                                           Generally, a Shareholder will have no further Irish tax liability in
                                                                           respect of the distribution. However, if the Shareholder is a
7. Charities (within the meaning of section 739D(6)(f)(i) TCA).
                                                                           company for which the distribution is a trading receipt, the gross
8. Qualifying managing companies (within the meaning of                    distribution (including the Irish tax deducted) will form part of its
   section 734(1) TCA).                                                    taxable income for self-assessment purposes and the
                                                                           Shareholder may set off the deducted tax against its corporation
9. Specified companies (within the meaning of section                      tax liability.
   734(1) TCA).
                                                                           Redemptions of Shares
10. Qualifying fund and savings managers (within the meaning of            If the Company redeems Shares held by a non-exempt Irish
    section 739D(6)(h) TCA).                                               resident Shareholder, the Company will deduct Irish tax from the
                                                                           redemption payment made to the Shareholder. The amount of
11. Personal Retirement Savings Account (PRSA) administrators
                                                                           Irish tax deducted will equal 30% of the gain (if any) which has
    (within the meaning of section 739D(6)(i) TCA).
                                                                           accrued to the Shareholder on the Shares being redeemed. The
12. Irish credit unions (within the meaning of section 2 of the            Company will pay this tax to the Irish Revenue Commissioners.
    Credit Union Act 1997).
                                                                           Generally, a Shareholder will have no further Irish tax liability in
13. The National Asset Management Agency.                                  respect of the redemption payment. However, if the Shareholder
                                                                           is a company for which the redemption payment is a trading
14. The National Pensions Reserve Fund Commission or a                     receipt, the gross payment (including the Irish tax deducted) less
    Commission investment vehicle.                                         the cost of acquiring the Shares will form part of its taxable
15. Qualifying companies (within the meaning of section 110                income for self-assessment purposes and the Shareholder may
    TCA).                                                                  set off the deducted tax against its corporation tax liability.

16. Any other person resident in Ireland who is permitted                  If Shares are not denominated in euro, a Shareholder may be
    (whether by legislation or by the practice or concession of the        liable (on a self-assessment basis) to Irish capital gains taxation
    Irish Revenue Commissioners) to hold Shares in the Company             on any currency gain arising on the redemption of the Shares.
    without requiring the Company to deduct or account for Irish           Transfers of Shares
    tax.                                                                   If a non-exempt Irish resident Shareholder transfers (by sale or
   Irish resident Shareholders who claim exempt status will be             otherwise) an entitlement to Shares, the Company will account
   obliged to account for any Irish tax due in respect of Shares           for Irish tax in respect of that transfer. The amount of Irish tax
   on a self-assessment basis.                                             due will equal 30% of the gain which has accrued to the
                                                                           Shareholder on the Shares being transferred. The Company will
   If this declaration is not received by the Company in respect           pay this tax to the Irish Revenue Commissioners. To fund this
   of a Shareholder, the Company will deduct Irish tax in respect          Irish tax liability, the Company may appropriate or cancel other
   of the Shareholder’s Shares as if the Shareholder was a non-            Shares held by the Shareholder. This may result in further Irish
   exempt Irish resident Shareholder (see below). A Shareholder            tax becoming due.
   will generally have no entitlement to recover such Irish tax,
   unless the Shareholder is a company within the charge to                Generally, a Shareholder will have no further liability to Irish tax
   Irish corporation tax and in certain other limited                      in respect of any payment received in respect of the transfer of
   circumstances.                                                          Shares. However, if the Shareholder is a company for which the
                                                                           payment is a trading receipt, the payment (less the cost of
Taxation of Other Irish Shareholders                                       acquiring the Shares) will form part of its taxable income for self-
Where a Shareholder is resident (or ordinarily resident) in Ireland        assessment purposes and the Shareholder may set off the
for Irish tax purposes and is not an Exempt Investor (see above),          deducted tax against its corporation tax liability.
the Company will deduct Irish tax on distributions, redemptions




                                                                      22
                                       Short-Term Investments Company (Global Series) plc
                                                 Prospectus Dated 1 July 2011




TAXATION (continued)
                                                                            from whom the gift or inheritance is taken is Irish domiciled,
IRELAND (continued)                                                         resident or ordinarily resident or the person taking the gift or
Taxation of Other Irish Shareholders (continued)                            inheritance is Irish resident or ordinarily resident.
Additionally, if Shares are not denominated in euro , a                     The Shares could be treated as Irish situate assets because they
Shareholder may be liable (on a self-assessment basis) to Irish             have been issued by an Irish company. However, any gift or
capital gains tax on any currency gain arising on the transfer of           inheritance of Shares will be exempt from Irish gift or inheritance
the Shares.                                                                 tax once:
‘Eighth Anniversary’ Events
                                                                            1. the Shares are comprised in the gift or inheritance both at the
If a non-exempt Irish resident Shareholder does not dispose of
                                                                               date of the gift or inheritance and at the “valuation date” (as
Shares within eight years of acquiring them, the Shareholder will
                                                                               defined for Irish capital acquisitions tax purposes);
be deemed for Irish tax purposes to have disposed of the Shares
on the eighth anniversary of their acquisition (and any                     2. the person from whom the gift or inheritance is taken is
subsequent eighth anniversary). On such deemed disposal, the                   neither domiciled nor ordinarily resident in Ireland at the date
Company will account for Irish tax equal to 30% of the increase in             of the disposition; and
value (if any) of those Shares over that eight year period. The
Company will pay this tax to the Irish Revenue Commissioners. To            3. the person taking the gift or inheritance is neither domiciled
fund the Irish tax liability, the Company may appropriate or cancel            nor ordinarily resident in Ireland at the date of the gift or
Shares held by the Shareholder.                                                inheritance.
                                                                            Reporting of Information under the Savings Directive
However, if less than 10% of the Shares (by value) in the Company
                                                                            Ireland has transposed the EU Directive on the taxation of
in the relevant Portfolio are held by non-exempt Irish resident
                                                                            savings income in the form of interest payments (Directive
Shareholders, the Company may elect not to account for Irish tax
                                                                            2003/48/EC) into Irish law. In certain circumstances, the
on this deemed disposal. To claim this election, the Company
                                                                            Company (or an Irish paying agent) may be obliged to report
must:
                                                                            information to the Irish Revenue Commissioners relating to
1. confirm to the Irish Revenue Commissioners, on an annual                 Shareholders who are individuals resident in the EU (other than in
   basis, that this 10% requirement is satisfied and provide the            Ireland) or in certain other territories. A reporting obligation may
   Irish Revenue Commissioners with details of any non-                     also arise with respect to Shareholders established in these
   exempt Irish resident Shareholders (including the value of               jurisdictions who are not legal persons, persons subject to
   their Shares and their Irish tax reference numbers); and                 corporate taxation or UCITS. Any information reported to the
                                                                            Irish Revenue Commissioners would be communicated to the
2. notify any non-exempt Irish resident Shareholders that the               authorities in the jurisdiction of residence (or establishment) of
   Company is electing to claim this exemption.                             the relevant Shareholders. Investors, and potential investors, are
   If the exemption is claimed by the Company, any non-                     advised to consult their professional advisers for details.
   exempt Irish resident Shareholders must pay to the Irish                 Meaning of Terms
   Revenue Commissioners on a self-assessment basis the                     Meaning of “Residence” for Companies
   Irish tax which would otherwise have been payable by the                 A company which has its central management and control in
   Company on the eighth anniversary (and any subsequent                    Ireland is tax resident in Ireland irrespective of where it is
   eighth anniversary).                                                     incorporated. A company which does not have its central
                                                                            management and control in Ireland but which is incorporated in
   Any Irish tax paid in respect of the increase in value of Shares
                                                                            Ireland is tax resident in Ireland except where:
   over the eight year period may be set off on a proportionate
   basis against any future Irish tax which would otherwise be              1. the company (or a related company) carries on a trade in
   payable in respect of those Shares and any excess may be                    Ireland and either the company is ultimately controlled by
   recovered on an ultimate disposal of the Shares.                            persons resident in EU member states or countries with which
Share Exchanges                                                                Ireland has a double tax treaty, or the company (or a related
Where a Shareholder exchanges Shares on arm’s length terms for                 company) are quoted companies on a recognised stock
other Shares in the Company or for Shares in another Portfolio of              exchange in the EU or in a tax treaty country; or
the Company and no payment is received by the Shareholder, the              2. the company is regarded as not resident in Ireland under a
Company will not deduct Irish tax in respect of the exchange.                  double tax treaty between Ireland and another country.
Stamp Duty                                                                  Meaning of “Residence” for Individuals
No Irish stamp duty (or other Irish transfer tax) will apply to the         An individual will be regarded as being tax resident in Ireland for
issue, transfer or redemption of Shares. If a Shareholder receives          a calendar year if the individual:
a distribution in specie of assets from the Company, a charge to
Irish stamp duty could potentially arise.                                   1. spends 183 days or more in Ireland in that calendar year; or

Gift and Inheritance Tax                                                    2. has a combined presence of 280 days in Ireland, taking into
Irish capital acquisitions tax (at a rate of 25%) can apply to gifts           account the number of days spent in Ireland in that calendar
or inheritances of Irish situate assets or where either the person             year together with the number of days spent in Ireland in the

                                                                       23
                                        Short-Term Investments Company (Global Series) plc
                                                  Prospectus Dated 1 July 2011




TAXATION (continued)
                                                                             from converting foreign currency denominated Shares into
IRELAND (continued)                                                          sterling will be taxable.
Meaning of Terms (continued)
                                                                             If, as anticipated, the Company fails the non-qualifying
    preceding year. Presence in Ireland by an individual of not              investments test, a Shareholder who is an individual will generally
    more than 30 days in a calendar year will not be reckoned for            be chargeable to UK income tax on dividends at full marginal
    the purposes of applying this “two year” test.                           rates. If the Company were not to fail the non-qualifying
An individual is treated as present in Ireland for a day if that             investments test, a shareholder who is an individual will generally
individual is personally present in Ireland at any time during               be chargeable to UK income tax on dividends received from the
that day.                                                                    Company at the dividend ordinary rate of 10% or, to the extent
                                                                             that the amount of the gross dividend when treated as the top
Meaning of “Ordinary Residence” for Individuals                              slice of his or her income exceeds the threshold for the higher
The term “ordinary residence” (as distinct from ‘residence’)                 rate tax, at the dividend upper rate of 32.5% (with effective rate
relates to a person’s normal pattern of life and denotes residence           of 25% after deducting a non payable dividend tax credit). From 6
in a place with some degree of continuity. An individual who has             April 2010, a new 42.5 % dividend additional rate (with effective
been resident in Ireland for three consecutive tax years becomes             rate of 36.11% after deducting a non payable dividend tax credit)
ordinarily resident with effect from the commencement of the                 will apply where dividend income forms part of an individual's
fourth tax year. An individual who has been ordinarily resident in           taxable income in excess of £150,000.
Ireland ceases to be ordinarily resident at the end of the third
consecutive tax year in which the individual is not resident. For            (c) Existing offshore fund regime
example, an individual who is resident and ordinarily resident in            Shares in the Company will constitute a material interest in an
Ireland in 2007 and departs Ireland in that year will remain                 offshore fund for the purposes of the offshore fund legislation
ordinarily resident in Ireland up to the end of the tax year in 2010.        contained in Chapter V of Part XVII of the Income and Corporation
                                                                             Taxes Act 1988 (‘ICTA’).
UNITED KINGDOM                                                               Under this legislation, persons who are resident or ordinarily
(a) The Company                                                              resident in the United Kingdom for taxation purposes are liable to
The Board of Directors intends to conduct the affairs of the                 income tax (or corporation tax on income) in respect of any gains
Company in such a manner so that central management and                      arising on the redemption, transfer or conversion of Shares in the
control of the Company will not be undertaken in the United                  Company. This does not apply, however, where a fund is certified
Kingdom and the Company will not therefore be resident in the                by HM Revenue & Customs (‘HMRC’) as a ‘distributing fund’
United Kingdom for taxation purposes. On this basis, the                     throughout the period during which the Shares are held. It is
Company will not be liable to United Kingdom corporation tax on              intended that the Company will conduct its affairs so as to enable
its income and gains.                                                        it to be certified as a distributing fund. Where such certification
                                                                             has been obtained, persons who are resident or ordinarily
Furthermore, it is the intention of the Board that the investment            resident in the United Kingdom for taxation purposes may be
management activities undertaken by or on behalf of the                      liable to capital gains tax (or corporation tax on capital gains) in
Company will qualify as “investment transactions” within the                 respect of any gain realised on redemption, transfer or
meaning of Section 127 of the Finance Act 1995, although it is               conversion of Shares in the Company.
not anticipated that meeting the provisions of Section 127 will be
required. Consequently, the Company will not be chargeable to                Certification for the distributing fund regime is granted
United Kingdom tax in respect of any profits or gains arising from           retrospectively. However it cannot be guaranteed that such
such investment management activities.                                       certification will be obtained, or that, once obtained, it will
                                                                             continue to be available for any future accounting period.
(b) Shareholders
According to their personal circumstances, Shareholders resident             Special rules apply to UK resident individual Shareholders who
in the United Kingdom for tax purposes will be liable to income              are not domiciled in the UK or are resident but not ordinarily
tax or corporation tax in respect of dividend or other income                resident in the UK.
distributions of the Company made to them.                                   (d) New offshore funds rules introduced on 1 December 2009
If the Company fails the non-qualifying investments test under               A new regime for offshore funds applies with effect for periods of
Schedule 10 paragraph 4 FA 1996 (broadly speaking this will                  account beginning on or after 1 December 2009, in accordance
occur if more than 60% by value of the investments of the                    with Schedule 22 Part 1 of the Finance Act 2009 and the Offshore
Company are interest bearing — this is expected to be the case),             Funds (Tax) Regulations 2009 (the ‘Regulations’) together with
Shares in the Company held by UK resident corporations will be               the proposed amendments. Under the new rules, the definition of
deemed loan relationships. In this case, any Shares held in the              an offshore fund is based on a characteristics approach. Investors
Company will be valued at each year end and any unrealised                   will be considered to have an interest in an offshore fund if they
appreciation subject to tax. However, given the investment                   do not have day to day control over the management of the
objective of the Company (i.e. to maintain a stable net asset value          Company’s property and if a reasonable investor would expect to
per share), no gains are anticipated. However, any gains resulting           realise any investment based entirely or almost entirely by
                                                                             reference to the net asset value of the Company.


                                                                        24
                                       Short-Term Investments Company (Global Series) plc
                                                 Prospectus Dated 1 July 2011




TAXATION (continued)
                                                                            by the underlying fund. Any gain relating to the disposal of U.K.
UNITED KINGDOM (continued)                                                  assets in the fund will be taxed on an arising basis.
(d) New offshore funds rules introduced on 1 December 2009
    (continued)                                                             As disposals of certain shares in offshore funds are subject to tax
                                                                            as income (also referred to as “offshore income gains”), the
The changes to the offshore fund rules will replace distributing
                                                                            provisions of Section 762 of ICTA substitute “offshore income
fund status with ‘reporting fund’ status. Under the new reporting
                                                                            gains” for any reference to “chargeable gain” in Section 13. There
fund regime, persons who are resident or ordinarily resident in
                                                                            is some uncertainty as regards whether Section 762 actually
the United Kingdom for taxation purposes are liable to income tax
                                                                            operates in the way that it was intended, since it may be
(or corporation tax on income) in respect of any gains arising on
                                                                            interpreted as only applying to offshore income gains generated
the redemption, transfer or conversion of Shares in the Company,
                                                                            by offshore funds, as opposed to any capital gains accruing to the
unless the Company is regarded as a reporting fund throughout
                                                                            offshore funds. Despite this uncertainty, it would be prudent to
the period during which the investor holds an interest.
                                                                            assume that Section 762 applies to all capital gains realized by
If reporting fund status is obtained, investors shall be subject to         offshore funds in the same way as Section 13, since this would
tax on reported income attributable to the investor. Any gain               appear to have been the intention of the UK tax authorities when
accruing to the investor upon the sale, redemption or other                 the legislation was drafted.
disposal of their interest in a reporting fund will be subsequently
                                                                            The attention of individuals ordinarily resident in the UK is drawn
taxed as a capital gain, but any undistributed income relating to
                                                                            to Chapter 2 of Part 13 of the Income Tax Act 2007. These
that interest that has been subject to tax is treated as capital
                                                                            Sections contain anti-avoidance provisions dealing with the
expenditure for the purpose of computing the amount of the
                                                                            transfer of assets to overseas persons in circumstances which
chargeable gain.
                                                                            may render such individuals liable to taxation in respect of
There are transitional provisions within the Regulations that               undistributed profits of the Company.
allow for offshore funds to qualify as distributing funds to defer
                                                                            If Shareholders are in any doubt as to their tax position, they
entering the reporting fund regime for an additional accounting
                                                                            should consult their own professional adviser.
period. The Directors intend to use these rules to defer entry into
the reporting fund regime to the accounting period commencing               The attention of companies resident in the UK for taxation
1 January 2011. Under the new rules, the Company will submit a              purposes is drawn to the fact that the “controlled foreign
one-off initial application within three months of the start of that        companies” legislation contained in Chapter IV of Part XVII of
accounting period (ie by 31 March 2011) and will subsequently               ICTA could apply to any UK resident company which is, either
submit an annual report to the UK tax authorities (HMRC) within             alone or together with persons connected or associated with it
six months of the year end. In addition, the Company will make a            for taxation purposes, deemed to be interested in 25 per cent or
report available to investors within six months of the year end,            more of any chargeable profits of the Company arising in an
stating the amount distributed to investors, the excess of the              accounting period, if at the same time the Company is controlled
amount of the reporting income over the amount actually                     (as “control” is defined in Section 755D ICTA) by persons
distributed, the dates of the distribution and a statement as to            (whether companies, individuals or others) who are resident in
whether the Company remains a reporting fund.                               the UK for taxation purposes, or is controlled by two persons
                                                                            taken together, one of whom is resident in the UK for tax
The attention of persons resident or ordinarily resident in the
                                                                            purposes and has at least 40 per cent of the interests, rights and
U.K. is drawn to the fact that the provisions of Section 13 of the
                                                                            powers by which those persons control the Company, and the
Taxation of Chargeable Gains Act, 1992 could be material to any
                                                                            other of whom has at least 40 per cent and not more than 55 per
such person who holds 10% or more of the Shares of the Company
                                                                            cent of such interests, rights and powers. The “chargeable
if, at the same time, the Company is controlled in such a manner
                                                                            profits” of the Company do not include any of the capital gains of
as to render it an entity that would, were it to have been resident
                                                                            the Company. The effect of these provisions could be to render
in the U.K., be a “close company” for U.K. taxation purposes.
                                                                            such companies liable to UK corporation tax in respect of the
Those provisions could, if applied, result in such a person being
                                                                            income of the Company.
treated, for the purposes of the U.K. taxation of chargeable gains,
as if a part of any gain accruing to the Company (such as on a
disposal of its investments that constitutes a chargeable gain for          UNITED STATES OF AMERICA
those purposes) had accrued to that person directly; that part              (a) The Company
being equal to the proportion of the assets of the Company to               The Company intends to conduct its affairs so that it will not be
which that person would be entitled on the liquidation of the               deemed to be engaged in a trade or business in the United States
Company, at the time when the chargeable gain accrued to the                and, therefore, none of its income will be treated as “effectively
Company. If the person is an individual, Section 13 will apply to           connected” with a US trade or business carried on by the
that person if they are domiciled in the U.K. although, with effect         Company. In the unlikely event that the Company were deemed to
from 6 April 2008, the rules were extended to include all resident          be deriving income which is effectively connected with a US trade
or ordinarily resident individuals domiciled outside the U.K. In            or business carried on by the Company, such income would be
addition, from this date, should those non-UK domiciled                     subject to US federal income tax at the graduated rates
individuals be taxed under the remittance basis, this basis would           applicable to US domestic corporations, and the Company could
only apply to any gain relating to the disposal of non-U.K. assets          also be subject to a branch profits tax.

                                                                       25
                                       Short-Term Investments Company (Global Series) plc
                                                 Prospectus Dated 1 July 2011




TAXATION (continued)
UNITED STATES OF AMERICA (continued)                                       CAPITALISATION
(a) The Company (continued)                                                THE SHARE CAPITAL
The Company intends to invest only in securities which generate
interest income exempt from US withholding taxes. Capital gains,           The authorised Share capital of the Company as of the date of
if any, derived by the Company also will be exempt from US                 this Prospectus is 500,000,030,000 Shares of no par value,
withholding taxes. In the unlikely event that the Company were to          divided into 30,000 Subscriber Shares of no par value and
derive dividends and certain other types of interest income from           500,000,000,000 Shares of no par value initially designated as
US sources, such income would be subject to a US withholding tax           unclassified shares. The Board of Directors may authorise the
of 30%.                                                                    issue of Shares of different Portfolio from time to time and
                                                                           different Classes within each such Portfolio. The Subscriber
(b) Shareholders                                                           Shares entitle the holders to attend and vote at general meetings
Provided that none of the Company’s income is effectively                  of the Company but do not entitle the holders to participate in the
connected with a US trade or business carried on by the                    Company’s profits or assets except for a return of capital on
Company, distributions to Shareholders will not be subject to the          winding up.
30% US withholding tax referred to above. In the unlikely event
that the Company were to derive such “effectively connected”               The proceeds from the issue of Shares shall be applied in the
income, all or a portion of the Company’s distributions to                 books of the Company to the relevant Portfolio and shall be used
Shareholders could be subject to this 30% withholding tax, absent          in the acquisition on behalf of the relevant Portfolio of assets in
application of a relevant tax treaty that reduces or eliminates the        which the Portfolio may invest. The records and accounts of each
tax. The US tax consequences to Shareholders of distributions              Portfolio shall be maintained separately with assets and liabilities
from the Company and of dispositions of Shares generally                   allocated to the correct Portfolio.
depends on the Shareholder’s particular circumstances, including
whether the Shareholder conducts a trade or business within the            STATUTORY AND GENERAL INFORMATION
United States or is otherwise taxable as a US Shareholder.

The Company will be a “passive foreign investment company”
                                                                           CONFLICTS OF INTEREST
(“PFIC”) for US federal income tax purposes. Accordingly, US               The Manager, the Investment Advisers, the Administrator and the
Shareholders generally will be subject to special rules with               Custodian may from time to time act as manager, investment
respect to any “excess distribution” by the Company to that                adviser, administrator, registrar, custodian or trustee in relation
Shareholder or certain related persons and any gain from the               to, or be otherwise involved in, other funds or collective
disposition of the Shares, the effect of which is to prevent               investment schemes which have similar investment objectives to
deferral of US federal income taxation of earnings and conversion          those of the Company or any Portfolio. It is therefore possible
of ordinary earnings into capital gains through investments in the         that any of them may, in the due course of their business, have
Company. Alternatively, a US Shareholder may be able to make               potential conflicts of interest with the Company or any Portfolio.
an election (a “QEF” election) to include annually in income that          In such event, each will at all times have regard to its obligations
Shareholder’s pro rata share of the Company’s ordinary earnings            under any agreements to which it is party or by which it is bound
and any net capital gain as ordinary income and long-term capital          in relation to the Company or any Portfolio. In particular, but
gain, respectively. The United States Internal Revenue Service             without limitation to its obligations to act in the best interests of
recently adopted regulations under which a Shareholder that is             the Shareholders when undertaking any dealings or investments
tax-exempt for US federal income tax purposes would be taxed               where conflicts of interest may arise, each will respectively
under the Passive Foreign Investment Company rules (the “PFIC              endeavour to ensure that such conflicts are resolved fairly. In
rules”) only, if a dividend from the Company would be subject to           particular, the Investment Advisers have agreed to act in a
US federal income taxation in the hands of the Shareholder under           manner which the Investment Advisers in good faith consider fair
Subchapter F of the Code. These regulations are effective                  and equitable in allocating investment opportunities to the
retroactively to April 1, 1992.                                            Company.
The foregoing discussion does not purport to deal with all of the          For so long as a Portfolio is registered by the SFC in Hong Kong,
US federal income tax consequences applicable to the Company               and subject to the UCITS Regulations:
or to all categories of investors, some of whom may be subject to
special rules. Investors should consult their own tax advisers             (i) cash forming part of the property of such Portfolio may be
regarding the tax consequences to them of an investment in the                 placed as deposits with the Custodian, the Manager, the
Company in light of their particular circumstances.                            Investment Advisers or with any connected persons of these
                                                                               companies (being an institution licensed to accept deposits)
                                                                               so long as that institution pays interest thereon at a rate not
                                                                               lower than the prevailing commercial rate for a deposit of that
                                                                               size and term;

                                                                           (ii) no person may be allowed to enter on behalf of such Portfolio
                                                                                into underwriting or sub-underwriting contracts without the


                                                                      26
                                       Short-Term Investments Company (Global Series) plc
                                                 Prospectus Dated 1 July 2011




STATUTORY AND GENERAL INFORMATION (continued)
                                                                            In selecting brokers to make purchases and sales for the
CONFLICTS OF INTEREST (continued)                                           Company for the account of a Portfolio, the Investment Advisers
   prior consent of the Custodian and unless the Company or the             will choose those brokers who have agreed to provide best
   Manager provides in writing that all commissions and fees                execution to the Company. In this regard, best execution means
   payable to the Manager under such contracts, and all                     the best price available in the market exclusive of any charges but
   investments acquired pursuant to such contracts will form                taking account of any other exceptional circumstances such as
   part of such Portfolio’s assets.                                         counterparty risk, order size or client instructions and having
                                                                            regard to market timing sensitivities where even the expression
There is no prohibition on the Company entering into any                    of buying (selling) interest could lead to the offer (or bid) price
transactions with the Manager, the Investment Advisers, the                 moving against the Company. The Investment Advisers will
Administrator, or the Custodian, or with any of their affiliates,           consider the overall economic result of the transaction, price of
provided that such transactions are carried out as if effected on           commission plus other costs, the efficiency of the transaction,
normal commercial terms negotiated at arm’s length and                      the broker’s ability to effect the transaction if a large block is
provided also that such transactions are in the best interest of            involved, availability of the broker for difficult transactions in the
Shareholders and in the case of Portfolios registered by the SFC,           future, other services provided by the broker such as research
prior written consent of the Custodian is obtained. For so long as          and the provision of statistical and other information and the
a Portfolio is registered by the SFC in Hong Kong, all such                 financial strength and stability of the broker. In managing the
transactions will be disclosed in the annual audited accounts of            assets of each Portfolio, the Investment Advisers may receive
the Company. Dealings will be deemed to have been effected on               certain research and statistical and other information and
normal commercial terms negotiated at arm’s length if; (i) a                assistance from brokers. The Investment Advisers may allocate
certified valuation of any such transaction by a person approved            brokerage business to brokers who have provided such research
by the Custodian as independent and competent is obtained; (ii)             and assistance to the Company and/or other accounts for which
the transaction is executed on best terms on an organised                   the Investment Advisers exercise investment discretion. The
investment exchange in accordance with the rules of such                    benefits provided under any soft commission arrangements must
exchange; or, if the methods referred to in (i) and (ii) are not            assist in the provision of investment services to the Company;
practical, (iii), the transaction is executed on terms which the            and in the case of any Portfolio registered in Hong Kong, the
Custodian, or the Board of Directors in the case of a transaction           goods or services must be of demonstrable benefit to
involving the Custodian, is satisfied are normal commercial terms           Shareholders; associated transaction execution must be
negotiated at arm’s length.                                                 consistent with best execution standards and any associated
The Board of Directors may from time to time act as directors or            brokerage rates must not be in excess of customary institutional
officers of, or be interested as partners, shareholders, directors,         full-service brokerage rates. The Investment Advisers shall notify
officers or employees of, any firm or company providing                     the Company of any soft commission arrangements and these
professional or consulting or other services to other funds or              arrangements shall be disclosed in the periodic reports, including
collective investment schemes which have similar investment                 the annual audited accounts of the Company and in the
objectives to those of the Company or any Portfolio. The Board of           Prospectus. A report of such transactions entered into during a
Directors shall endeavour to ensure that any conflicts of interest          reporting period shall be provided in the annual and semi-annual
are resolved fairly and in the interests of Shareholders.                   reports, and will list all such transactions, by type, name of the
                                                                            related party and, where relevant, fees paid to that party in
None of the Directors has entered into a service contract with the          connection with the transaction.
Company nor is any such contract proposed. Other than as
disclosed herein, at the date of this Prospectus no Director nor            It is not the current intention of the Directors to enter any soft
any Connected Person has any interest, beneficial or non-                   commission arrangements.
beneficial, in the Share capital of the Company or any material             Where the Manager, or any of its delegates, successfully
interest in any agreement or arrangement with the Company.                  negotiates the recapture of a portion of the commissions charged
Karen Dunn Kelley is Executive Vice President of Aim                        by brokers or dealers in connection with the purchase and/or sale
Distributors, Inc. a Sub-Distributor of the Company. Ms Dunn                of securities for the Company, the rebated commissions shall be
Kelley is also a Managing Director and an officer of Invesco                paid to the Company. For so long as any Portfolio is registered in
Advisers, Inc, an Investment Adviser to the Company.                        Hong Kong, neither the Manager, the Investment Advisers nor
                                                                            any of their connected persons will retain cash rebates with
Save as disclosed above no Director has any interest direct or              respect thereto.
indirect in the promotion of the Company or in any assets which
have been acquired or disposed of by or leased to the Company or            For so long as a Portfolio is registered in Hong Kong, brokers or
are proposed to be required by, disposed of or leased to the                dealers connected to the Manager, the Investment Advisers, the
Company, nor has any contract or arrangement in which a                     Directors or any of their connected persons may not in aggregate
Director is materially interested and which is unusual in its nature        account for more than 50% of such Portfolio’s transactions in
and conditions or significant in relation to the business of the            value in any one financial year of the Company.
Company been entered into since the incorporation of the
Company.


                                                                       27
                                       Short-Term Investments Company (Global Series) plc
                                                 Prospectus Dated 1 July 2011




STATUTORY AND GENERAL INFORMATION (continued)
MEMORANDUM AND ARTICLES                                                       be entitled to Directors’ fees. The Directors and any alternate
                                                                              Directors may also be paid all reasonable travel, hotel and
The object of the Company, as set out in Clause 2 of the                      other expenses properly incurred by them in attending and
Memorandum and Articles is the collective investment in                       returning from meetings of the Directors or any other
Transferable Securities and other Liquid Financial Assets of                  meetings in connection with the business of the Company.
capital raised from the public, operating on the principle of risk-
spreading in accordance with the UCITS Regulations. The Articles              A Director may be a party to, or otherwise have a material
contain provisions to the following effect:                                   interest in, any transaction or arrangement with the Company
                                                                              or in which the Company is interested, provided that he has
(a) Variation of Rights                                                       disclosed to the Board of Directors prior to the conclusion of
   The rights attached to each series of Shares (and for these                any such transaction or arrangement the nature and extent of
   purposes, reference to any series of Shares shall include                  any such material interest. Unless the Board shall determine
   reference to a Class of that series) may, whether or not the               otherwise, a Director may vote in respect of any contract or
   Company is being wound up be varied with the consent in                    arrangement or any proposal whatsoever in which he has a
   writing of the holders of three-fourths of the issued Shares of            material interest, having first disclosed such interest.
   that series or with the sanction of a Special Resolution
   passed at a separate general meeting of the holders of the              (e) Borrowing Powers
   Shares of that series. The rights attaching to any series of               The Board of Directors may exercise all the powers of the
   Shares shall not be deemed to be varied by the creation or                 Company to borrow money (including the power to borrow for
   issue of further Shares of that series or of any other series              the purpose of redeeming Shares) and hypothecate,
   ranking pari passu with Shares already in issue, unless                    mortgage, charge or pledge its property and assets or any
   otherwise expressly provided by the terms of issue of those                part thereof, and to issue debentures, debenture stock or
   Shares.                                                                    other securities, whether outright or as collateral security for
                                                                              any debt liability or obligation of the Company, or of any
(b) Voting Rights                                                             subsidiary of the Company. Under the UCITS Regulations the
   On a show of hands at a general meeting of the Company                     Company may not borrow money, grant loans or act as
   every Shareholder present in person or by proxy shall have                 guarantor on behalf of third parties except as follows:
   one vote and the holders of the Subscriber Shares shall only
   have one vote in respect of all of the Subscriber Shares                   (i) foreign currency may be acquired by means of a “back-to-
   belonging to the holder. On a poll at a general meeting every                  back loan” (i.e. borrowing one currency against the
   Shareholder who is present in person or by proxy shall have                    deposit of an equivalent amount of another currency),
   one vote in respect of each Share held by him and a                            provided that where foreign currency borrowings exceed
   proportional fractional vote for each fractional Share held by                 the value of the “back-to-back” deposit, any excess shall
   him and every holder of Subscriber Shares present in person                    be regarded as borrowing and is therefore aggregated
   or by proxy shall have one vote in respect of each Subscriber                  with other borrowings for purposes of the 10% limit
   Share held by him; provided however that in relation to a                      referred to below; and
   resolution which in the opinion of the Board of Directors
                                                                              (ii) the Company may incur temporary borrowings for the
   affects more than one series of Shares or gives or may give
                                                                                   account of any Portfolio in an amount not exceeding 10%
   rise to a conflict of interest between the Shareholders of the
                                                                                   of the Net Asset Value of the Portfolio, provided that for
   respective series or Class such resolution shall be deemed to
                                                                                   these purposes the aggregate amount of the outstanding
   have been duly passed only if, in lieu of being passed through
                                                                                   instruments used for these borrowings shall not exceed
   a single meeting of the Shareholders of those series or
                                                                                   10% of the Net Asset Value of the Portfolio. The Company
   Classes, such resolution shall have been passed at a separate
                                                                                   may not grant loans to third parties or act as guarantor to
   meeting of the holders of each such series or Class.
                                                                                   third parties.
(c) Changes in Share Capital
                                                                           (f) Retirement of Directors
   The Company may from time to time by Ordinary Resolution
                                                                              There is no provision for the retirement of Directors on their
   increase its capital, consolidate its Shares or any of them into
                                                                              attaining a certain age or for retirement of Directors by
   a smaller number of Shares, subdivide its Shares or any of
                                                                              rotation.
   them into a larger number of Shares or cancel any Shares not
   taken or agreed to be taken by any person. The Company may              (g) Unclaimed Dividends
   by Special Resolution from time to time reduce its share                   Any dividend unclaimed after a period of six years from the
   capital in any way permitted by law.                                       date of declaration of such dividend shall be forfeited and
                                                                              shall revert to the relevant Portfolio.
(d) Directors’ Interests
   The Articles provide that the Directors shall be entitled to a          (h) Portfolios
   fee as remuneration for their services at a rate to be                     The proceeds from the issue of each Class shall be applied to
   determined from time to time by the Directors, except that                 the Portfolio established for the relevant Classes, and the
   the aggregate amount of Directors remuneration in any one                  assets and liabilities and income and expenditures
   year shall not exceed US$50,000. None of the Directors                     attributable thereto shall be applied to such Portfolio.
   affiliated with the Manager or the Investment Advisers shall

                                                                      28
                                      Short-Term Investments Company (Global Series) plc
                                                Prospectus Dated 1 July 2011




STATUTORY AND GENERAL INFORMATION (continued)
                                                                              dissolved, but so that no Shareholder shall be compelled to
MEMORANDUM AND ARTICLES (continued)                                           accept any assets in respect of which there is liability.
(i) Winding up                                                             (j) Accounts
   The Company may terminate any Portfolio, and redeem all of                 A balance sheet and a profit and loss account shall be
   the Shares of such Portfolio, if:                                          prepared as at, and for the period ending, 31 December in
   (a) the Shareholders of the Portfolio pass a Special                       each year, or such other date as the Board of Directors may
       Resolution to approve the redemption of all the Shares in              from time to time decide, both in respect of the Company as
       the Portfolio;                                                         a whole and in respect of each Portfolio and shall be audited
                                                                              by the Auditors and laid before the Company at its annual
   (b) after the first anniversary of the Portfolio’s                         general meeting in each year and such balance sheet shall
       commencement of operations, the Net Asset Value of the                 contain a general summary of the assets and liabilities of the
       Portfolio does not equal or exceed, or at any time                     Company or of each Portfolio as the case may be. The balance
       thereafter, falls below US$50 million; or                              sheet of the Company and of each Portfolio shall be
                                                                              accompanied by a report of the Board of Directors as to the
   (c) the Custodian has served notice of its intention to retire
                                                                              financial state and condition of the Company and of each
       under the terms of the Custodian Agreement (and has not
                                                                              Portfolio respectively, and the amount (if any) which they
       revoked such notice) and no new custodian has been
                                                                              have carried or propose to carry to reserve, together with a
       appointed by the Company with the approval of Central
                                                                              profit and loss account for the Company and for each
       Bank within ninety days of the date of service of such
                                                                              Portfolio respectively. Each such balance sheet and each such
       notice.
                                                                              report of the Board of Directors and each such profit and loss
   If the Company or any Portfolio shall be wound up the                      account shall be signed on behalf of the Board of Directors by
   liquidator shall apply the assets of the Company or Portfolio              at least two Directors.
   in such manner and order as he thinks fit in satisfaction of
   creditors claims, subject always to the segregation of liability        MEETINGS
   between Portfolios.
                                                                           All general meetings of the Company shall be held in Ireland and
   The assets available for distribution among the Shareholders            at least one general meeting of the Company shall be held in each
   shall then be applied in the following priority:                        year as the Company’s annual general meeting. At least 21 days
                                                                           notice (exclusive of the day on which the notice is served or
   (1) First, in payment to the holders of the Shares of each Class
                                                                           deemed to be served and of the day for which the notice is given)
       of a sum in the currency in which that Class is designated
                                                                           shall be given to Shareholders. The notice shall specify the place,
       (or in any other currency selected by the liquidator) as
                                                                           day and hour of the meeting and the business to be transacted at
       nearly as possible equal (at a rate of exchange determined
                                                                           the meeting and terms of the resolutions to be proposed. A proxy
       by the liquidator) to the net asset value of the Shares of
                                                                           may attend on behalf of any Shareholder. The voting rights
       such Class held by such holders respectively as at the date
                                                                           attached to the Shares are set out under the heading “Voting
       of commencement of the winding up provided that there
                                                                           Rights” at page 20 above.
       are sufficient assets available in the relevant Portfolio to
       enable such payment to be made.
                                                                           REPORTS
   (2) Secondly, in the payment to the holders of the Subscriber
       Shares of sums up to the nominal amount paid thereon                In each year the Directors shall cause to be prepared an annual
       out of the assets of the Company not comprised within               report and audited annual accounts for the Company and each
       any Portfolio. In the event that there are insufficient             Portfolio which will be sent to Shareholders and to the companies
       assets as aforesaid to enable such payment in full to be            announcements office of the Irish Stock Exchange (the “CAO”)
       made, no recourse shall be had to the assets comprised              within four months of the end of the period to which they relate
       within any of the Portfolios.                                       and at least twenty-one clear days before the annual general
                                                                           meeting. In addition, the Manager shall prepare and send to
   If the Company shall be wound up, the liquidator may, with the          Shareholders and to the CAO a semi-annual report which shall
   authority of a Special Resolution and any other sanction                include unaudited semi-annual accounts for the Company and
   required by the Irish Companies Acts, divide among the                  each Portfolio. The unaudited semi-annual report will be
   Shareholders in specie the whole or any part of the assets of           forwarded to Shareholders within two months of the end of the
   the Company, and whether or not the assets shall consist of             period to which it relates.
   property of a single kind, and may for such purposes set such
   value as he deems fair upon any one or more Class or Classes            Annual accounts shall be prepared as of and for the period ending
   of property, and may determine how such division shall be               at 31 December in each year. Audited annual reports and
   carried out as between the Shareholders. The liquidator may,            unaudited semi-annual reports incorporating financial statements
   with the like authority, vest any part of the assets in trustees        shall be sent electronically to each Shareholder who has elected
   upon such trusts for the benefit of Shareholders as the                 to receive electronic communication or by post without postal
   liquidator, with the like authority, shall think fit, and the           charges and may be obtained from and inspected at, the
   liquidation of the Company may be closed and the Company                registered office of the Administrator.


                                                                      29
                                     Short-Term Investments Company (Global Series) plc
                                               Prospectus Dated 1 July 2011




STATUTORY AND GENERAL INFORMATION (continued)
LEGAL ADVISERS                                                          ELECTRONIC COMMUNICATION
The Irish legal advisers to the Company are Matheson Ormsby             The Directors have arranged for electronic communication by the
Prentice.                                                               Company or any other person on behalf of the Company, with any
                                                                        Shareholder or any other person of, without limitation, the
SPONSORING BROKER                                                       following:

J & E Davy has been appointed as sponsoring broker in                   •   notices of annual or extraordinary general meetings;
connection with any application to list the Shares on the Irish         •   the annual reports and audited accounts;
Stock Exchange.
                                                                        •   the semi-annual reports and unaudited financial statements;
AUDITORS                                                                •   the Net Asset Value;
KPMG have consented to act as auditors to the Company.                  •   periodic account statements; and

MATERIAL CONTRACTS                                                      •   all other Shareholder correspondence.

The following contracts, which are summarised in the Sections           All communication of such notices, accounts, confirmations and
“Management and Administration” and “Fees and Expenses”, are            Net Asset Values or other Shareholder material by the Company
material:-                                                              or any other person on behalf of the Company will be exclusively
                                                                        by electronic communication to those Shareholders electing to
(a) Management Agreement dated 28 September 1995 between                avail of the service. Shareholders should note that electronic
    the Company and the Manager, as amended by a                        communications to and from Shareholders may be sent out in an
    Supplemental Management Agreement dated 17 August                   unencrypted manner. As a result, there is a risk that client
    1998, by an Amendment Agreement No. 2 dated 1 December              information may be accessed by unauthorised resources.
    1998, and further amended by an Amendment Agreement
    No, 3 dated 22 December 2000, an Amending Agreement                 Shareholders electing to avail of electronic communication shall
    dated 29 December 2000 and an Amending Agreement dated              be deemed to have consented to the receipt of electronic
    13 August 2008;                                                     communications from the Company or any of its delegates or
                                                                        service providers. All Shareholder documents and material sent
(b) Administration Agreement between the Manager and BNY                by electronic communication will remain available in hard copy
    Fund Management (Ireland) Limited, dated 28 September               and will be sent by post without postal charges to those
    1995, as amended and supplemented from time to time                 Shareholders not availing of electronic communication.
    thereafter;                                                         Shareholders may at anytime change their election to or from
                                                                        electronic communication by contacting the Distributor.
(c) Custodian Agreement between the Company and Allied Irish
    Banks, p.l.c. dated 17 August 1998 as novated by an
    agreement between the Company, Allied Irish Banks, p.l.c.           MISCELLANEOUS
    and AIB/BNY Trust Company Limited dated 21 December
                                                                        (a) The Company has not granted any option or agreed
    2001, and further amended by a First Supplemental
                                                                            conditionally or unconditionally to grant any option over any
    Custodian Agreement between the Company and BNY Trust
                                                                            unissued share capital of the Company.
    Company (Ireland) Limited dated 9 February 2007;
                                                                        (b) The Company has not, since its establishment, been engaged
(d) Investment Advisory and Distribution Agreement dated 29
                                                                            in, and is not currently engaged in any legal or arbitration
    December 2000 between the Manager and Invesco Asset
                                                                            proceedings and no legal or arbitration proceedings are
    Management Limited, acting through its division Invesco Aim,
                                                                            known to the Directors to be pending or threatened by, or
    now known as Invesco Global Cash Management, as amended
                                                                            against, the Company.
    by an Amendment Agreement dated 13 August 2008;

(e) Investment Advisory Agreement between the Manager and               COMPLAINTS PROCEDURE
    Invesco Aim Capital Management, Inc. dated 9 October 1995,
    as amended by Supplemental Investment Advisory                      If any Shareholder wishes to file a complaint against the Manager
    Agreements dated 17 August 1998, 9 February 2007, 13                it may do so free of charge. Information with respect to the
    August 2008 and 23 July 2010; and                                   complaints procedure is available, free of charge, upon request to
                                                                        the Administrator.
(f) Shareholder Service Agreements between the Company and
    the Manager dated 3 September 1998 and 28 September                 DOCUMENTS FOR INSPECTION
    1995.
                                                                        Copies of the following documents may be inspected during
                                                                        business hours on any business day in the registered office of the
                                                                        Administrator, at the offices of Matheson Ormsby Prentice, and at
                                                                        the offices of Invesco Global:


                                                                   30
                                      Short-Term Investments Company (Global Series) plc
                                                Prospectus Dated 1 July 2011




STATUTORY AND GENERAL INFORMATION (continued)
DOCUMENTS FOR INSPECTION (continued)
(a) the material contracts referred to above;

(b) Memorandum and Articles of the Company; and

(c) the UCITS Regulations and Notices issued by the Central
    Bank pursuant thereto.

Copies of the Memorandum and Articles of the Company and any
annual or semi-annual reports of the Company may be obtained
from the Administrators without postal charges to the requesting
Shareholder and may be inspected at the offices of the
Administrator during business hours on any Business Day.

Pursuant to the Financial Services Act (Recognised Schemes’
Facilities in the United Kingdom) Regulations 1988, the Company
maintains facilities in the United Kingdom at the offices of
Invesco Global where the latest version of the Articles, the most
recent Prospectus and the most recently prepared and published
Annual Report and (Audited) Accounts and Semi-Annual Report
and (Unaudited) Accounts may be inspected free of charge and
copies obtained.




                                                                     31

                                                      Perivan Financial Print   222115

				
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