Raiffeisen Asset Management (Bulgaria) EAD hereby notifies its customers of the forthcoming transformation of MF „Raiffeisen (Bulgaria) Protected Investment in Euro“ into a Feeder collective investment scheme, under Art. 67, para. 1 of Law on the Activities of Collective Investment Schemes and Other Collective Investment Undertakings, pursuant to Decision no. 825-ДФ of 19 October 2015 issued by the Financial Supervision Commission.
MF „Raiffeisen (Bulgaria) Active Protection“ has obtained approval from the Financial Supervision Commission to invest, by way of derogation from the provisions of Art. 4, para 1, Item 1, Art. 38, 45, 48 and Art. 49, para 2, Item 3 of LACISOCIU, at least 85 per cent of its assets in units of Austrian MF „Raiffeisen Euro Click“, hereinafter referred to as "Master collective investment scheme", organized and managed by Raiffeisen Kapitalanlage-Gesellschaft m.b.H.
As of 25.11.2015 the feeder collective investment scheme MF „Raiffeisen (Bulgaria) Active Protection“, starts to invest at least 85% of its assets in units of the Master collective investment scheme (MF „Raiffeisen Euro Click“)
During the redemption period the investors will be able to submit redemption orders. Apart from the redemption fee, no additional fees will be charged by the Management Company during the period. The redemption fees charged by the Management Company are as follows:
Redemption fee for investments lasting at least 2 investment cycles – 0.00% of the NAV per share.
Redemption fee for investments lasting less than 2 investment cycles – 0.20% of the NAV per share.
Redemptions for the purpose of transferring investments between funds managed by Raiffeisen Asset Management (Bulgaria) EAD are not charged with any fees for redemptions.
No additional charges will apply with regards to the Fund’s transformation.
The redemption period will last for 30 days – for the period from 26.10.2015 to 24.11.2015 including.
The Informationunder Article 79para. 1 of the LACISOCIU, the Key Investor Information documents of the Feeder collective investment scheme (MF „Raiffeisen (Bulgaria) Active Protection“) and the Master collective investment scheme (MF „Raiffeisen Euro Click“) are available on the Management Company’s website at www.ram.bg . It is recommended for the investors in the MF “Raiffeisen (Bulgaria) Protected Investment in Euro”, which is to be transformed into a Feeder collective investment scheme (MF “Raiffeisen (Bulgaria) Active Protection), that are not familiar with the specific characteristics of the Master and the Feeder collective investment schemes and the way they operate, to read the Key Investor Information Documents of the two funds.
Further information may be obtained in the office of the management company at the following address: Business Center EXPO 2000, 55 Nikola Vaptsarov Blvd., Phase II, 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.