09 Nov 2020 14:05

SEB Alternative Assets S.A., SICAV-RAIF: changes in the prospectus

We wish to inform investors of changes we have made in the prospectus for SEB Alternative Assets S.A., SICAV-RAIF.

Kindly see the summary, below, of changes in the prospectus of the Fund (the “Prospectus”). In accordance with the Fund’s prospectus, we have not sought approval from the fund shareholders for these changes because we consider the changes to be beneficial to investors.

As an investor in the Fund you are not required to act due to these changes, but you should be aware of them.

Summary of changes

Changes in the Prospectus for SEB Alternative Assets S.A., SICAV-RAIF – Arkadia Bostad (the “Sub Fund”):

  • The board of directors of the Fund (the “Board”) decided to change the method of calculating the management fee during the investment period. Calculation of the Sub Fund’s management fee was formerly based on the amount of allocated aggregate commitments. As of now, it will be based on the Net Asset Value of the Sub Fund and will be calculated on a quarterly basis.
  • Additionally, the Board decided to change the conditions of deciding the date for accruing the management fee for the investment period of the Sub Fund. Formerly, this was the done at the initial closing of the Sub Fund. Now it will be from the later of (i) the date to which the Board has determined that the Sub Fund has commenced it operations and (ii) the initial closing. Consequently, related wordings have been changed to reflect the new rule.
  • We have also made some additional immaterial changes in the Prospectus, such as clarifications and updating the list of active share classes for certain sub funds.

The updated prospectus is available on www.sebgroup.lu and from our registered office.

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. Key investor information documents and prospectuses are available on www.sebgroup.lu/funds.