We wish to merge the two funds to simplify SEB Investment Management AB’s selection of funds offered in Finland and to make fund management more efficient.
This is a merger by absorption whereby the merging fund's holdings will be transferred to the receiving sub fund and SEB US Exposure Fund will cease to exist. SEB Investment Management AB bears any costs related to legal, advisory and administration costs that arise in relation to the merger.
As an investor in the receiving sub fund SEB Fund 3 - SEB US Exposure Fund you are not required to act, but we think you should know about the merger. The merger will not have any foreseeable impact on your investment in the receiving sub fund. The sub fund continues to follow the same investment objective and strategy. Its fees remain the same.
By 11:00 CET on 3 December 2021: Investors in the receiving sub fund who wish to redeem their units free of charge must do so by this date. Because redemption can result in taxation, we encourage investors to consult their financial advisor regarding their specific situation.
10 December 2021: The merger is implemented and the merging fund ceases to exist.
Merging fund into receiving sub fund, per unit class
Unitholders invested in SEB US Exposure Fund at the time of the merger will automatically receive corresponding units in the receiving sub fund:
|SEB US Exposure Fund
|SEB Fund 3 - SEB US Exposure Fund
(receiving sub fund)
|A (D-EUR), FI0008805601
|D (EUR), LU2360842723
|B (C-EUR), FI0008805619
|C (EUR), LU2360842640
The merging fund is domiciled in Finland and the receiving sub fund is domiciled in Luxembourg, which makes this a cross-border merger. The regulations for both the merging and the receiving funds/sub funds are based primarily on European Union legislation. The financial authorities in Finland and Luxembourg have approved this merger.
For more information about the merger, kindly see the attached comparison table.
SEB Fund 3 - SEB US Exposure Fund unit classes:
D (USD), LU0047323166
C (USD), LU0268529194
IC P (SEK), LU1058765303
IC (USD), LU1445748855
C (H-SEK), LU1548801270
C (EUR), LU2360842640
D (EUR), LU2360842723
IC (EUR), LU2360842996
ID (EUR), LU2360843705
Product documentation for the funds is available on www.sebgroup.lu. The depositary statement and the auditor report will be available, free of charge, on request from our registered office, SEB Investment Management AB, Luxembourg branch.
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.