Termination of three Danske Invest funds

The Board of Directors of Danske Invest Fund Management Ltd decided on 16.11.2017 to terminate the mutual funds listed below, so the trading of the funds in question (issue and redemption) has been suspended. The decision to liquidate the funds was reached because in the current market conditions, the popularity of the funds and, consequently, the number of unit holders and amount of assets have decreased below the level required for efficient portfolio management.

Funds to be liquidated:
- Danske Invest Contrarian Fund
- Danske Invest Commodity Fund (AIF)
- Danske Invest Gold Fund (AIF)

The assets of these funds will be converted into cash and any debts will be deducted from this. The remaining assets from each fund will be distributed in full to the unit holders of the fund in question in proportion to their fund unit holdings. The assets will be paid out to the unit holders by 29.12.2017 at the latest. 

The continuous fund saving agreements connected to the terminated funds will be terminated immediately in accordance with the terms and conditions of the agreement.

The fund management company will draw up a final settlement of the liquidation, which will be sent in writing to the fund unit holders.

For additional information, please contact Danske Bank’s Investment Line on +358 (0) 200 2000 (local network charge/mobile call charge) Mon-Fri 8am-8pm, Sat 10am-4pm.

Yours sincerely,

DANSKE INVEST FUND MANAGEMENT LTD