04 Apr 2013 09:33

SEB Strategy Aggressive Fund and SEB Global Value Fund to merge with SEB Global Chance/Risk Fund

SEB Strategy Aggressive Fund – SEB Strategy Aggressive and SEB Fund 1 - SEB Global Value Fund will be merged into SEB Fund 1 - SEB Global Chance/Risk Fund on 17 May 2013. The merger aims to make management of the fund more cost efficient.

Customers who own units in SEB Fund 1 - SEB Global Chance/Risk Fund are not affected by the merger. The two merging funds, SEB Strategy Aggressive and SEB Global Value Fund, will no longer exist when the merger is completed.

Kindly read the attached "notice to unitholders" for a detailed description of the funds and the merger.

SEB Strategy Aggressive Fund – SEB Strategy Aggressive

  • Starting 3 May: the fund’s portfolio will be rebalanced to reflect the investment goals of the receiving fund (SEB Global Chance/Risk Fund)
  • The cost of rebalancing the fund’s portfolio will be deducted from the fund prior to the merger.
  • Legal, advisory and administrative costs for the merger are paid by the fund management company.
  • 3 May 2013, 15:30: deadline for customers who wish to redeem units before the merger.
  • 17 May 2013: calculation of the exchange ratio for determining the number of units for each investor. Customers will receive units in the corresponding unit class in the receiving fund. See the table below.
  • The merger may have tax consequences. Unitholders are encouraged to consult their tax advisor.

SEB Fund 1 - SEB Global Value Fund

  • Starting 3 May: all SEB Fund 1 - SEB Global Value Fund’s assets will be sold. The portfolio will consist entirely of cash at the merger.
  • Legal, advisory and administrative costs for the merger are paid by the fund management company.
  • 3 May 2013, 15:30: deadline for customers who wish to redeem units before the merger.
  • 17 May 2013: calculation of the exchange ratio for determining the number of units for each investor.
  • Customers will receive units in the corresponding unit class in the receiving fund. See the table below.
  • The merger may have tax consequences. Unitholders are encouraged to consult their tax advisor.