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INVESTMENT NEWS - 6. June 2021 22:55

Notice to the unitholders of SEB Fund 2 – SEB Russia Fund, SEB SICAV 1 – SEB Eastern Europe Ex Russia Fund and SEB SICAV 2 – SEB Eastern Europe Small & Mid Cap Fund

We wish to inform you that SEB Fund 2 – SEB Russia Fund and SEB SICAV 1 – SEB Eastern Europe Ex Russia Fund will be merged with SEB SICAV 2 – SEB Eastern Europe Small & Mid Cap Fund.

The Merger will be achieved by absorption. When the merger is implemented, SEB Russia Fund and SEB Eastern Europe Ex Russia Fund will no longer exist. The Merger will take place from 25 June until 2 July 2021.

Summary of changes:

  SEB Fund 2 – SEB Russia Fund (merging sub fund) SEB SICAV 1 – SEB Eastern Europe Ex Russia Fund
(merging sub fund)
SEB SICAV 2 - SEB Eastern Europe Small & Mid Cap Fund (receiving sub fund)
Risk level SRRI scale 6 6 6
Main categories of financial instruments Equities and equity related instruments. Equities and equity related instruments. Equities and equity related instruments.
Ongoing charges UC (EUR) 1.08%
C (EUR) 2.07%
UC (EUR) 0.95%
C (EUR) 1.82%
UC (EUR) 0.94%
C (EUR) 1,81%
Investment policy Investments mainly in companies listed or traded in Russia or companies that conduct a tangible part of their economic activity in Russia. Investments in companies listed or traded on a regulated market in Eastern European countries, excluding Russia. Investments in small and mid-sized companies in Eastern Europe including Russia and countries in the surrounding region, or companies that conduct tangible part of their economic activity in Eastern Europe.


Unitholders of SEB Russia Fund and SEB Eastern Europe Ex Russia Fund who do not wish to be included in the Merger are entitled to request, the redemption of their shares until 25th June 2021 14.00 (EET).

Unitholders of SEB Eastern Europe Small & Mid Cap Fund who do not wish to be included in the Merger are entitled to request, the redemption of their shares until 1 July 2021 until 14:00 (EET).

Detailed information is available on the website of SEB Group and upon request at the registered office of the Management Company.
 

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