What happens if the Private Portfolio Custodian extends the period for selling part of the Private Portfolio Funds in the Creation Deed?
If the Private Portfolio Custodian extends the period for a reason that he deems to be in the interest of the Beneficiary, he has the burden of proof to show that the extension was in the Beneficiary's interest. If he fails to prove this, he must compensate for any decrease in the sale value or damages incurred by the Beneficiary.