Notification of the distribution of the assets of the liquidated fund: step 2

The Russian Prosperity Fund Euro is a feeder fund investing in units of the fund Russian Prosperity (Luxembourg) (the “master fund”). Both funds have been closed since 28 February 2022.

On 8 December 2023, the Board of Directors of Seligson & Co Fund Management Company decided to liquidate the Russian Prosperity Fund Euro (the “feeder fund”). The liquidation was announced by letter on 13 December 2023. Upon liquidation, the assets of the feeder fund are distributed to the unit holders. The funds of the feeder fund are distributed in accordance with the distributable funds in steps:

• Step 1: the distribution was made on 27 December 2023 by redeeming 98% of the unit holders’ units.
• Step 2: the distribution is made by redeeming half of the remaining units (this bulletin).
• Next step: the master fund units owned by the feeder fund are still in the feeder fund’s name. If the master fund manages to realise its remaining investments or otherwise disburses assets or the units of the master fund are redeemed or realised, all received assets, net of any expenses, will be distributed to the unit holders of the feeder fund in proportion to their holdings.

STEP 2: DISTRIBUTION OF THE FUNDS

In June, the master fund made a new asset payment to the feeder fund. The assets to be distributed consisted of cash held in the master fund and assets that the master fund had received from its realisable investments. The funds were distributed from the master fund by decision of the Annual General Meeting and at the same time the units of the master fund were annulled from all owners in equal proportions. The master fund has not been opened since the closing.
The funds received from the Russian Prosperity (Luxembourg) master fund are distributed to the unit holders of the Russian Prosperity Fund Euro in proportion to their holdings. The assets to be distributed correspond to approximately EUR 1,788 per fund unit.

• The distribution will be carried out on 16 September 2024 by redeeming half of the remaining units of the unit holders. The redeemed assets will be paid from the fund’s account on 17 September 2024 to the bank accounts of those customers whose customer information is up to date.

  If your customer information is no longer up to date, the funds will be paid to the customer assets account until your customer information is updated. The need for an update can be checked in our “Oma salkku” service, where any update request will appear in the service immediately after logging in. The information can also be updated in the section “Asiakastiedot” (Customer information) and “Asiakastietojen päivitys” (Updating customer information). You can log in to the Oma salkku service via our website at www.seligson.fi.

• The Fund Management Company provides the unit holders with a confirmation of redemption in the Oma salkku service and notifies the Finnish Tax Administration of the conveyance.

We are happy to answer any additional questions via the messaging function in the Oma salkku service, ‎ or +358 9 6817 8200. We will inform you about the status of the fund at www.seligson.fi.