Notice of liquidation to the shareholders of
Nordea 1 – US Equity Market Neutral Fund
Luxembourg, 10 January 2020
This is to notify you that Nordea 1 – US Equity Market Neutral Fund (the “Fund”) in which you own shares will be liquidated. You have three options that are explained below. Please take a moment to review the important information below.
1. Reasons for the liquidation
Since launch the Fund has not gathered sufficient assets and we foresee limited prospects for future growth to operate the Fund in an efficient manner long term. As a result, the Board has decided that it would be in the best interest of the shareholders to liquidate the Fund. Because of the planned liquidation the Fund will be hard closed from 10 January 2020 at 3.30 p.m.
2. Your Options
2.1 Switch your shares to another fund.
We must receive your dealing instructions by 14 February 2020 before 3.30 p.m. Be sure to read the Key Investor Information Document (KIID) for any fund you are considering switching into, and for further information, the prospectus.
2.2 Redeem your shares. We must receive your dealing instructions by 14 February 2020 before 3.30 p.m.
2.3 Take no action and receive liquidation proceeds automatically.
From 14 February 2020 3.30 pm the Fund will be closed for further switches to other funds and redemptions. All assets and liabilities will be realised. We will compulsory redeem your shares on 21st February 2020 on basis of the net asset value per share calculated on the same day. The proceeds will be distributed to you in proportion to your holdings in the Fund and be settled in accordance with the provisions of the prospectus.
3. Costs and taxes
The Fund will bear the securities transaction costs only. All other costs associated with the liquidation will be borne by the management company of the Fund, Nordea Investment Funds S.A.
You may want to review the options described above with your tax advisers and/ or financial advisers. All options could have tax consequences.
4. Caisse de Consignation
Any liquidation proceeds that cannot be distributed to the shareholders at the closure of the liquidation shall be subject to an escrow deposit with the “Caisse de Consignation” in Luxembourg. Amounts still unclaimed after 30 years will be forfeited according to Luxembourg law.
Shareholders having any question relating to the above should contact their financial advisor or the Client Relationship Services at the Management Company through: +352 27 86 51 00 or the UK facilities agent, Financial Express Limited, its principal place of business being 2nd Floor, Golden House, 30 Great Pulteney Street, W1F 9NN, London.
The board of directors of Nordea 1, SICAV
Appendix I – List of the impacted ISIN codes at the date of the notice
|US Equity Market Neutral Fund – BC – EUR||LU2020617291|
|US Equity Market Neutral Fund – BC – USD||LU2020617960|
|US Equity Market Neutral Fund – E – EUR||LU2020617374|
|US Equity Market Neutral Fund – E – USD||LU2020618000|
|US Equity Market Neutral Fund – BI – EUR||LU2020617028|
|US Equity Market Neutral Fund – BI – USD||LU2020617887|
|US Equity Market Neutral Fund – HBI – DKK||LU2023383560|
|US Equity Market Neutral Fund – HBI – EUR||LU2020617457|
|US Equity Market Neutral Fund – BP – EUR||LU2020616996|
|US Equity Market Neutral Fund – BP – NOK||LU2023383214|
|US Equity Market Neutral Fund – BP – SEK||LU2023383305|
|US Equity Market Neutral Fund – BP – USD||LU2020617705|
|US Equity Market Neutral Fund – HA – EUR||LU2023383487|
|US Equity Market Neutral Fund – HB – EUR||LU2020617531|
|US Equity Market Neutral Fund – HY – EUR||LU2020617614|
Nordea 1, SICAV
562, rue de Neudorf
P.O. Box 782
Tel + 352 27 86 51 00
Fax + 352 27 86 50 11
Registre de Commerce Luxembourg No B 31442, Registered office: 562, rue de Neudorf, L-2220 Luxembourg