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Updated Investment Policy

Greetings Neighbors,

On behalf of your Board of Directors, I am writing to update you on the current happenings of our work and encourage your engagement as we continue to promote quality housing and community at CTC. This month marks the end of term for a few of our board members  and the on boarding of newly elected members.

The main highlight of the May board meeting was to discussed the CTC investment policy statement (IPS) with Morgan Stanley. The board reviewed the current IPS, decision on screening filters, and reviewed Morgan Stanley Portfolio Performance Summary (1Q 2019).

The goal of our meeting was to select non-negotiable screen filters that we do not want to invest in (i.e. Weapons/Fire arms) and choose themes (i.e. Clean Energy/Diversity in Leadership) of impact importance that aligns with our co-op vision and mission. All board members agreed on not investing in Weapons/Fire arms, Pornography, Tobacco, and Alcohol. Regarding of theme selection, we have agreed on Affordable housing theme in which it align with CTC mission.

The updated investment policy will include a statement to confirm the approve of the screening criteria and the theme for a 2 year period, unless there are urgent to review it.

Thank you, 

Louai Alarabi