09 Sep 2020 10:55

SEB SICAV 2 - SEB Asia Small Caps ex. Japan merges with SEB Fund 2 – SEB Asia ex. Japan Fund

We have decided to merge SEB SICAV 2 - SEB Asia Small Caps ex. Japan, the merging sub fund, with SEB Fund 2 – SEB Asia ex. Japan Fund, the receiving sub fund. The merger takes effect 16 October 2020.

This is a merger by absorption whereas the merging sub fund’s assets and liabilities will be absorbed by the receiving sub fund. The merging sub fund will then cease to exist. SEB Investment Management AB will bear any costs related to legal, advisory and administration costs that arise in relation to the merger.

If you are an investor in one of the sub funds, you are not required to act due to the merger, but it is important that you understand how the merger affects you. We encourage you to read the attached pdfs.

If you wish to redeem your shares before the merger, see the merger timeline below. Note that redemption of shares can result in taxation. Kindly consult your financial advisor.

Merger timeline                            

  • 15:30 CET, 9 October 2020: deadline for investors in the merging sub fund to redeem their shares
    before the merger
  • As of 15:30 CET on 9 October 2020: merging sub fund closes for trading. No subscriptions, redemptions or transfers are accepted after this time.
  • Until 15.30 CET on 16 October 2020: deadline for investors in the receiving sub fund who wish to redeem their units free of charge
  • 16 October 2020: net asset value for the merging sub fund is calculated and the merger takes effect

Asia merger notices to investors and KIIDs pdf