The Board of Directors of Evli Fund Management Company Ltd (hereinafter “Evli”) has decided to amend the rules of the non-UCITS funds Evli Rental Yield, Evli Rental Income II and Evli Logistics Properties. The rule amendments concern the deadlines for placing redemption orders and the transfer of redemptions. The rule amendments will harmonize redemption practices for non-UCITS funds investing in real estate. The rule amendments, which are described in more detail below, will enter into force on May 31, 2024.
The Board of Directors of Evli Fund Management Company Ltd (hereinafter “Evli”) has decided to amend the rules of the non-UCITS funds Evli Rental Yield, Evli Rental Income II and Evli Logistics Properties. The rule amendments concern the deadlines for placing redemption orders and the transfer of redemptions. The rule amendments will harmonize redemption practices for non-UCITS funds investing in real estate. The rule amendments, which are described in more detail below, will enter into force on May 31, 2024.
In all of the above funds, redemption orders must be placed with Evli no later than six (6) months before the redemption date specified in the fund’s rules, regardless of the amount of the redemption. The changes are designed to enable real estate funds to pursue their investment strategy as efficiently as possible.The above six (6) month notification period will be applied to the funds as follows:
- For Evli Rental Income II, from the December 2024 redemption date, that is, orders for the December 2024 redemption date must be placed with Evli no later than June 30, 2024
- For Evli Rental Yield and Evli Logistics Properties, from the March 2025 redemption date, that is, orders for the March 2025 redemption date must be placed with Evli no later than September 30, 2024.
In addition, in the rules of Evli Rental Income II and Evli Logistics Properties, the transfer of redemptions will no longer be limited in time only to the next redemption date. The amendment harmonizes the funds’ rules with regard to the transfer of redemptions.
The funds’ amended rules will enter into force on May 31, 2024, and will apply to all unit holders. The amendments do not require any action from unit holders.
The updated rules of Evli’s real estate funds will be available on April 29, 2024, at the address www.evli.com/fundrules or from our Investor Service. Our Investor Service will gladly answer any questions you may have regarding the amended rules and fund investment by telephone, +358 (0)9 4766 9701, or by email at info@evli.com from 9.30 am to 4.30 pm on weekdays (Finnish time, CET+1).
EVLI FUND MANAGEMENT COMPANY LTD
