INVL Asset Management, in view of restrictions on trading on the Moscow Exchange (MOEX), which prevent trading and/or proper valuation of some of the securities comprising the subfund’s portfolio, and seeking to protect the interests of participants, is suspending the sale, redemption and exchange of units of the INVL Russia ex-Government Equity Subfund, as well as the execution of orders which have been submitted.
“Our position on Russia is unequivocal. Today we are suspending distribution of the units of this fund. As regards the fund’s further steps we will give notification separately, according to the channels and deadlines established by law,” says Vaidotas Rūkas, Head of the Investment Management Division at INVL.
The suspension shall apply from 1 March 2022 to 1 June 2022 or until a separate decision of the INVL Asset Management shall be published in the same manner as this notice.
Orders submitted in accordance with the procedures set out in the fund’s documents by 11:00 a.m. on 25 February 2022 will be executed in the normal manner.
The value of the Fund’s net assets and the value of the investment unit will not be calculated or published during this suspension period.
INVL and Šiaulių bankas merged their retail services as of 1 December 2023.
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INVL and Šiaulių bankas merged their retail services as of 1 December 2023.