News  keyboard_arrow_down

NOTIFICATION OF THE DISTRIBUTION OF THE ASSETS OF THE TERMINATED FUND: STEP 3

News    |     26.8.2026   

To the fund unit owners of Russian Prosperity Fund Euro

The Russian Prosperity Fund Euro is a feeder fund investing in units of the fund Russian Prosperity (Luxembourg) (the “master fund”). Both funds have been closed since 28 February 2022.

On 8 December 2023, the Board of Directors of Seligson & Co Fund Management Company decided to terminate the Russian Prosperity Fund Euro (the “feeder fund”). The termination was announced by letter on 13 December 2023. Upon termination, the assets of the feeder fund are distributed to the unitholders. The assets of the feeder fund are distributed in accordance with the distributable funds in steps:

  • Step 1: the distribution was made on 27 December 2023 by redeeming 98% of the unitholders’ units.
  • Step 2: the distribution was made on 16 September 2024 by redeeming half of the unitholders’ remaining units.
  • Step 3: the distribution will be made by redeeming 20 percent (%) of the remaining units (this bulletin).
  • Next step: the master fund units owned by the feeder fund are still in the feeder fund’s name. If the master fund manages to realise its remaining investments or otherwise disburses assets or the units of the master fund are redeemed or realised, all received assets, net of any expenses, will be distributed to the unitholders of the feeder fund in proportion to their holdings.

STEP 3: DISTRIBUTION OF THE ASSETS

In June, the master fund made a new asset payment to the feeder fund. The distributable assets consist of the assets realised by the master fund. The assets were distributed from the master fund by decision of the Annual General Meeting, and at the same time the units of the master fund were annulled from all owners in equal proportions. The master fund has been closed ever since.

The assets received from the Russian Prosperity (Luxembourg) master fund are distributed to the unitholders of the Russian Prosperity Fund Euro in proportion to their holdings. The assets to be distributed correspond to approximately EUR 2520 per fund unit.

  • The distribution will be carried out on 16 September 2026 by redeeming 20 percent (%) of the unitholders’ remaining units. The redeemed assets will be paid from the fund’s account on 17 September 2026 to the bank accounts of those customers whose customer information is up to date.
    • If your customer information is no longer up to date, the funds will be paid to the customer assets account until your customer information is updated. The need for an update can be checked in our Oma salkku service or Taskusalkku mobile application, where any update request will appear in the service immediately after logging in. The information can also be updated in the section “Asiakastiedot” (Customer information) and “Asiakastietojen päivitys” (Updating customer information). A minor’s customer information can only be updated via the Oma salkku service, which you can access via our website at www.seligson.fi.
  • The Fund Management Company provides the unitholders with a confirmation of redemption in the Oma salkku service and notifies the Finnish Tax Administration of the conveyance.

We are happy to answer any additional questions via the messaging function in the Oma salkku service, ‎ or +358 9 453 8200. We will inform you about the status of the fund at www.seligson.fi.

Seligson & Co Fund Management Company Plc