Reason of the Termination
The Management Company was informed by one of the existing unitholders of their intention of redeeming all their investments in the Sub-Funds on the Termination Dates (the “Redemptions”). As a result of such Redemptions the Sub-Funds’ NAV will drop to almost zero*, and the Management Company considers that the Sub-Funds will no longer be viable afterwards and would need to be terminated consequently.
Once the Sub-Funds are terminated, given there is no more sub-funds in the Fund, the Management Company will liquidate the Fund accordingly.
Once the Redemptions take place, the Fund will be liquidated by the Management Company acting through its Luxembourg branch on 9 November 2022 (the “Liquidation Date”).
All the unit classes of the Sub-Funds as further illustrated in the table below will be closed:
|Sub-Fund||Unit class||ISIN code|
|SEB Trygg Pension – SEB Trygg Pension Nyttja||IC (SEK)||LU0945390648|
|SEB Trygg Pension – SEB Trygg Pension Spara||IC (SEK)||LU0223784496|
Along with this notice dated 16 September 2022, the Sub-Funds will no longer accept any subscriptions from potential new investors. However, subscriptions, conversions and redemptions will continue to be accepted from existing unitholders until the Termination Dates.
You are entitled to redeem your units in the Sub-Funds as from the date of this notice until the respective termination date of the Sub-Funds free of charge. If not, your units in the relevant Sub-Fund will be compulsorily redeemed on such date.
All assets and liabilities will be realised, and the liquidation proceeds will be paid to unitholders in proportion to their holdings and be settled in accordance with the prospectus and the management regulations of the Fund based on the NAV per unit calculated as of Termination Dates.
Any expenses related to the Sub-Funds and the Fund’s liquidation will be borne by SEB Investment Management AB (the “Management Company”).
Any liquidation proceeds that cannot be distributed to the unitholders at the closure of the liquidation shall be subject to an escrow deposit with the “Caisse de Consignation” in Luxembourg. Amounts still unclaimed after 30 years will be forfeited according to relevant Luxembourg law.
* For Nyttja, its NAV will drop to zero after the Redemptions and for Spara, its NAV will drop to 0.01% after the Redemptions.
Past performance does not guarantee future performance. The value of investment funds and other financial instruments may rise as well as fall and there is no guarantee you will recover your original investment(s). Key investor information documents and prospectuses are available on www.sebgroup.lu/funds.