Notice to the unitholders of SEB SICAV 2 - SEB Eastern Europe Small & Mid Cap Fund

We wish to inform you that the fund manager SEB Investment Management has decided, on 28 March 2022, to open SEB SICAV 2 - SEB Eastern Europe Small & Mid Cap Fund for redemption, to give shareholders the possibility to redeem shares. However, the current market situation means that there is a risk that you would be disadvantaged by the fund. Therefore, the fund is opened only for redemption. 

Despite the fact that the Russian market has now opened, SEB Investment Management AB assessment of the value of the Russian holdings is close to zero, as it is not permitted for foreign investors to trade on the market. Therefore, there is no possibility to sell the fund’s Russian holdings. The fund’s underlying assets are valued daily, and in the event of changed market conditions, the value of the Russian holdings may change. SEB Investment Management AB intends to sell these holdings in the fund as soon as possible. This will be done in a responsible and controlled manner to protect the interests of shareholders.

Transactions placed in the fund before 14:00 on 28 February 2022, and that still have not been carried out, will be cancelled. This means that customers who wish to redeem shares need to submit an order when the fund reopens for trading 28 March 2022.

Since the closure of the fund on 28 February 2022, no management fee has been charged. From 28 March 2022, when the fund opens for sales, the management fee will be reinstated.

Detailed information is available here and upon request at the registered office of the Management Company.