Extraordinary general meeting on Danske Invest Africa
The Board of Directors of Danske Invest Management Company proposes closing its Africa fund. The final decision will be made at an extraordinary general meeting.
The Board of Directors of Danske Invest Management Company has decided to recommend at an extraordinary general meeting that Danske Invest Afrikka, osuuslaji EUR be closed.
The reason for closing the fund is that African FX markets have proved to be very illiquid for quite some time. As a result, the Board has determined it is no longer possible to manage a portfolio broadly invested in Africa and at the same time have sufficient liquidity to fulfil the wishes of investors who wish to be able to sell their units in the fund.
The extraordinary general meeting will be held on Monday 6 February at 09.15 at Parallelvej 17, 2800 Kgs. Lyngby in Denmark. An entry card and ballot paper can be ordered by telephone on + 45 45 14 80 25 until 16.00 on 30 January 2017.
You can read the agenda for the extraordinary general meeting here
You may also want to read “Africa fund open again for trading”
