European Fund - Notice

ADELIO UCITS FUND
Société d’investissement à capital variable – société anonyme
Registered Office: 3 Rue Jean Piret, L-2350 Luxembourg
Grand Duchy of Luxembourg
R.C.S. Luxembourg: B254945

NOTICE TO SHAREHOLDERS OF ADELIO UCITS FUND – ADELIO EUROPEAN FUND

Luxembourg, 20th December 2022

Dear Shareholder,

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. IF IN DOUBT, PLEASE SEEK PROFESSIONAL ADVICE.

Pursuant to the articles of incorporation and the prospectus of Adelio UCITS Fund (the “Company”), a sub-fund of the Company may be liquidated if the board of directors determines that such a sub-fund should be terminated in light of prevailing market or other conditions, including conditions that may adversely affect the ability of a Sub-Fund to operate in an economically efficient manner, and with due regard to the best interests of shareholders.

The Board has decided to liquidate Adelio UCITS Fund – Adelio European Fund (the “Sub-Fund”) effective on 20 December 2022. All subscriptions into and redemptions from the Sub-Fund as well as the NAV calculation have been suspended. The shareholders should expect to receive their proceeds on or about 31 January 2023.

In passing the resolution, the Board concluded that the Sub-Fund is no longer economically viable and that it is in the best interests of shareholders to liquidate the Sub-Fund in light of the prevailing market conditions.

The assets of the Sub-Fund shall be realized, the liabilities discharged and the net proceeds of realization distributed to shareholders in proportion to their holding of shares in the Sub-Fund against evidence of discharge as the Directors may reasonably require. Any residual funds not claimed by Shareholders prior to the completion of the liquidation shall be deposited as soon as possible at the Caisse de Consignation.

The Sub-Fund is the last remaining sub-fund of the Company and its liquidation will entail the liquidation of the Company. The liquidation costs shall be borne by the Sub-Fund.

For additional information, please contact Ash Brown at +44 20 4526 4902 / [email protected]

BY ORDER OF THE BOARD OF DIRECTORS

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Adelio Partners

Adelio Partners Limited is authorised and regulated by the Financial Conduct Authority (“FCA”) in the United Kingdom. The registered office of Adelio Partners Limited is 10 Hill Street, Mayfair, London, UK, W1J 5NQ (Company Number: 12493436). The investment services of Adelio Partners Limited are only available to Professional Clients and Eligible Counterparties as those terms are defined under FCA rules. The content of this website is for information only and is not intended to be independent investment research. It is not an invitation to buy or sell an investment and is not advice on investments, taxation or on any other matter. The content is not intended to be used by or distributed to any person or entity in a jurisdiction or country where this would be contrary to local law or regulation. Any person using this website is responsible for ensuring they are not prohibited from using it because of local law or regulation.

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