SEB Funds will update the wording regarding redemption gates in the SEB SICAV 2 prospectus, effective 1 April 2026.
Sub-funds under the SICAV 2 umbrella:
- SEB SICAV 2 – SEB Eastern Europe Small and Mid Cap ex. Russia Fund
- SEB SICAV 2 – SEB Listed Private Equity Fund
- SEB SICAV 2 – SEB Nordic Small Cap Fund
A section of the prospectus concerning the use of redemption gates, which are limits on the amount investors in a fund may redeem during a specified period, has been clarified. These updates do not introduce any material changes and are intended solely to provide greater clarity on how such tools may be applied in exceptional market conditions.
The updated wording clarifies that when a redemption gate is applied, redemption requests exceeding the relevant threshold on a given dealing day will not be executed and will instead be cancelled. Investors may submit a new redemption request on the next dealing day.
How you as an investor are affected
If you are invested in any of these sub-funds, you do not need to take any action, and the value of your investment will not be affected. However, we want to ensure you are informed of these updates.
These updates will not have any foreseeable material impact on your investment. The sub-funds’ strategies and objectives remain unchanged.