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
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