Cytonn Issues A Statement To Clarify On Progress Of Its Projects And Service

Cytonn Investments continues to offer alternative investments that offer above-market returns to our investors.

We have a robust team of financial advisors who sit and understand your investment needs and risk appetite before proceeding to offer advice on possible portfolio allocation for final decision making by an investor.

It is important to point out that we offer both regulated products by the Capital Markets Authority through Cytonn Asset Managers whose products you can invest and withdraw anytime 24/7 by dialing *809# and unregulated products for the savvy investor who understands the inherent risk in the high returns afforded.

That said, it has always been the company’s stand to preserve investors’ capital. Unfortunately, when Covid -19 happened, the economy took a slump. Ours, like most businesses, were greatly affected and our risk exposure higher, given the high allocation of funds in the unregulated products to real estate, which is facing illiquidity, due to slowed uptake of the same, hence delaying actualization of value in our portfolio allocation to real estate.

We continue to actively engage our clients in our efforts to weather the effects of this global pandemic and improve the liquidity position for the products under our unregulated offerings that were affected by the pandemic.

Finally, we continue to engage in alternatives of value preservation for all our clients to ensure that the relationships we have built with them over time are preserved. This has been an ongoing discussion with a sizable number of clients already converting their debt to units and land. We continue to tirelessly ensure that we offer solutions for all.

It has come to our attention that some clients have not felt adequately heard on their concerns, we encourage them to reach out to us through our 24/7 call center on 0709 101200 or email us through clientmatters@cytonn.com.

The video making rounds is factually incorrect and misleading as there is no issue with CHYF where one can invest and withdraw anytime, 24 / 7 by just dialing *809#. However, the other real estate funds, CHYS and CPN, are undergoing restructuring as per their respective constitutive documents.