Transformation by acquisition of two mutual funds of Raiffeisen Asset manegement (Bulgaria) EAD 27.11.2014 Back

Information for investors in connecion with the transformation by acquisition of two mutual funds of Raiffeisen Asset Management (Bulgaria) EAD

 

 Raiffeisen Asset Management (Bulgaria) EAD hereby notifies its customers of the coming transformation by acquisition of Raiffeisen (Bulgaria) Bond Fund into Raiffeisen (Bulgaria) Liquidity Fund pursuant to Decision no. 910-ДФ of 16 October 2014 issued by the Financial Supervision Commission.

 

The transformation process incorporates the following stages:

  1. The investors in the above mentioned funds are granted the opportunity to submit redemption orders for their units from 22 October 2014 until 20 November 2014 inclusive.
  2. For the purpose of efficient transformation the redemption and sale of units in the acquired Raiffeisen (Bulgaria) Bond Fund and the acquiring Raiffeisen (Bulgaria) Liquidity Fund will be suspended for a period of 10 business days, considered from 21 November 2014 to 04 December 2014 inclusive.
  3. Date of calculation of the exchange ratio – 27 November 2014.
  4. Effective transformation date – 04 December 2014.

 

         The redemption and sale of units in the acquiring Raiffeisen (Bulgaria) Liquidity Fund will be renewed on 05 December 2014, i.e. the business day immediately following the effective transformation date. The unitholders in the acquired Raiffeisen (Bulgaria) Bond Fund, who have not exercised their right to apply for redemption of their units within the above mentioned period, may exercise their rights of unitholders in the acquiring Raiffeisen (Bulgaria) Liquidity Fund as of 05 December 2014.

 

         Further information may be obtained in the office of the management company at the following address: 18-20, Gogol St., Sofia, on the following internet address: www.ram.bg and on the following telephone numbers: (+359 2) 91 985 467 and (+359 2) 91 985 626.