CBL Asset Management IPAS (the Management Company) hereby informs that the Management Company has intention to terminate the public distribution in Estonia and Sweden of the units of the investment fund CBL Russian Equity Fund, ISIN LV0000400190. This will be done in accordance with the planned merger of the investment fund CBL Russian Equity Fund into CBL US Leaders Equity Fund on 1st November 2021.
The unit-holders of the investment fund CBL Russian Equity Fund will be entitled to request the Management Company to redeem or repurchase their units of the investment fund CBL Russian Equity Fund free of charge. The units will be redeemed or repurchased in accordance with the procedure established by the applicable fund prospectus.
If the unit-holders do not accept the offer to redeem or repurchase their units, all investors of the CBL Russian Equity Fund are going to become the investors of the CBL US Leaders Equity Fund share Class R Acc USD, LV0000401032, considering the exchange ratio applicable to the exchange of units of the CBL Russian Equity Fund and units of the CBL US Leaders Equity Fund share Class R Acc USD at the time of the merger. All assets and liabilities of the CBL Russian Equity Fund will be transferred to the CBL US Leaders Equity Fund and CBL Russian Equity Fund will cease to exist.
The additional information about the UCITS is available at the website of the Management Company www.cblam.lv, or can be requested by writing to IPAS “CBL Asset Management” e-mail asset@cbl.lv or by calling to the phone number +371 6 701 0810 during Management Company’s business hours.
Correction have been made to the press release on 05.10.2021