19 Mar 2018 11:00

SEB Private Banking Fund-SICAV-SIF –SEB Modern Protection Fund liquidation March 2018

SEB Private Banking Fund-SICAV-SIF’s board of directors wish to inform you that the sub fund will be put into liquidation as of 19 March 2018.

Its assets under management have decreased to the degree that it is difficult to manage the sub fund efficiently. In these circumstances, the liquidation is in the best interest of the investors.  

  • 15:30 on 21 February 2018 was the sub fund's last cut-off time. Subscription, conversion and transfer orders placed after this time are not accepted.
  • As of 19 March 2018, redemption orders are no longer accepted.
  • However, redemption orders placed before 16 March 2018, 15.30 will be accepted.
  • All three unit classes are included in the liquidation: C (EUR) LU0414444959;
  • C (H-SEK), LU0414445097; and HNWC (H-SEK), LU0414445170.
  • Any expenses related to the sub fund's liquidation are borne by SEB Investment Man-agement AB.
  • The last official net asset value will be calculated as of 29 March 2018.

Reimbursement payments
You as an investor in the sub fund will receive reimbursement payments corresponding to your investment. We aim to distribute an initial reimbursement payment in spring 2018. We plan to distribute any remaining reimbursement payments in the summer of 2018.