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Access to information contained on this website is exclusively reserved for investors in Luxembourg. Please read the important information below. This contains legal and regulatory information which applies to our company status, use of this website and information about any investment in our products referred to in this website. Note that you will have to accept these terms and conditions before you can proceed. Copyright 2021 by Nordea Investment Funds S.A. – all rights reserved.
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Go to Home PageMay 2017
The Board of Directors of Nordea Institutional Investment Fund SICAV-FIS hereby informs you as a shareholder of the Company about the following main changes:
As communicated in the notice to shareholders dated May 2017, since 1 May 2017 Nordea Investment Funds S.A., the Management Company of the Company, no longer delegates the administrative agent functions to Nordea Bank S.A. As a result, these functions are being performed by the Management Company. This change will not entail any disruption in the performance of the services and there will be no increase in the related fees. The Prospectus has been amended accordingly.
1) In chapter 3. “The Sub-funds of the Company”:
-the section “Settlement Period” is amended to take into account currency holidays in the subscription and redemption payment process;
2) In chapter 5. “Shareholding” the definition of “U.S. Person” is updated. It is clarified that the Board of Directors or its delegate may suspend or interrupt the issue of Shares of a Sub-fund or Share Class at any time. Moreover, for whatever reason and without having to justify its actions, the Board of Directors also reserves the right to (i) reject any subscription of Shares, (ii) proceed at any time to the mandatory repurchase of Shares which have been wrongfully subscribed of held, or where the Shareholder does not provide necessary information requested by the board of Directors in order to comply with the applicable legal and/or regulatory rules.
3) In chapter 6. “Share Dealing” it is clarified that settlement of subscription, redemption and/or conversion orders shall be made in the reference currency of the relevant Share Class.
– A section on “Restrictions on Subscriptions and Conversions” has been added to specify that Sub-funds and Share Classes may be closed to Subscriptions and Conversions in, without notice to Shareholders, upon decision of the Board of Directors of the Company;
4) In chapter 8. “Risk Factors” the following risk disclosures are added: “Special risk consideration regarding investments in High Yield Bonds”, “Collateral management risks”, “Risks associated with securities lending, repurchase agreements and buy-sell back transactions”
5) In chapter.9. “Investment restrictions and risk spreading rules”:
– disclosures are added on the use of derivatives instruments, in application with Regulation 2015/2365 on transparency of securities financing transactions and of reuse and amending EU Regulation 648/2012;
– Information on “Collateral Management” is added
6) In chapter 15. “Investment Sub-Managers”, it is clarified that each sub-manager may manage part of the totality of the assets of the sub-funds listed in the Prospectus.
7) Chapter 20. “Taxation of the Company and its Shareholders”: has been updated further to the repeal of the EU Savings Directive; sections on “Automatic exchange of information”, “CRS” and “DAC2” have been added.
8) In chapter 24. “Jurisdiction, Applicable Law, and enforcement of Judgements”, a section on “Complaints” is added.
9) In chapter 27. “Registered Office, Board of Directors, Daily Management”, the composition of the Board of Directors of the Management Company has been updated: Nils Bolmstrand, Thorben Sander and Ninni Franceschi have left the Board. Brian Stougård Jensen has been appointed by the Annual General Meeting of the Management Company. Cecilia Vernerson and Graham Goodhew have been co-opted as new Board Members.
Thomas Liebsch has been replaced by Dirk Schulze as Deputy Managing Director of the Management Company.
More Information
The above mentioned changes are reflected in the June 2017 version of the prospectus of the Company effective as of 1 June 2017 (the “Prospectus”), which may be obtained, free of any charges, at the registered office of the Management Company at 562, rue de Neudorf, L-2220 Luxembourg, Grand Duchy of Luxembourg as soon as the Luxembourg regulatory authority (CSSF) has issued the official visa-stamped official Prospectus.
Capitalized terms in this notice shall have the meaning ascribed to them in the Prospectus unless
the context otherwise requires.
Shareholders having any question relating to the above changes should not hesitate to contact their financial advisor or Nordea Investment Funds S.A., Client Relationship Services, on telephone +352 43 39 50 – 1.
Luxembourg, 15 May 2017
The Board of Directors of Nordea Institutional Investment Fund SICAV-FIS