INVL Asset Management redeems a part of units of INVL Russia ex-Government Equity Subfund

Upon the decision to dissolve (liquidate) INVL Russia ex-Government Equity Subfund by INVL Asset Management, and after previous notification of prospective first distribution of the subfund’s cash holdings to its participants to be carried out by 31 August this year, it should be noted that on 31 August, 2022, the management company distributed free cash holdings of the subfund by proportionally redeeming respective amount of investment units from all the participants of INVL Russia ex-Government Equity Subfund. Earlier that day, for the purpose of distribution of cash holdings, INVL Asset Management calculated subfund’s net asset value (NAV), amounting in EUR 332 812,61, as well as the value of the single investment unit, being EUR 15,3635.

Distributed free cash holdings in the subfund’s account (minus prospective expenses of INVL Russia ex-Government Equity Subfund) is EUR 909 969,42.

Distributed cash holdings will shortly be credited to the payment accounts provided by the investors, exact day of crediting depending on the fact, whether the investment units were purchased from INVL Asset Management (or they are held in custody by it), or investment units were purchased from investor’s financial intermediary or custodian (if their investment units were purchased through a third party and (or) the participant’s investment units are held in custody there).

INVL Asset Management also notes that in light of the current situation it remains difficult to reliably predict the timing for realizing the subfund’s remaining financial instruments and distribution of cash holdings, as well as, it is not yet possible to forecast the final date of the subfund‘s liquidation, therefore it will be announced in the future on the website www.invl.com.