NESTOR Investment Management S.A.
3, rue Gabriel Lippmann
L-5365 Munsbach
R.C. Luxembourg B 45.832
NESTOR Funds (Umbrella)
Notice to Unitholders of the Sub-Funds:
NESTOR Africa Fund
Unit Class B ISIN LU0407232692
Unit Class V ISIN LU1433073878
NESTOR China Fund
Unit Class B ISIN LU0656651824
Unit Class V ISIN LU1433074090
NESTOR Investment Management S.A., the management company of the fund "NESTOR Fonds", which as a fonds commun de placement à compartiments multiples is subject to the provisions of Part I of the Law of 17 December 2010 on Undertakings for Collective Investment, has decided to liquidate the sub-fund NESTOR Africa Fund as well as the sub-fund NESTOR China Fund including all existing unit classes with effect from 30 October 2020. The liquidation proceeds will be calculated and paid to the eligible unitholders on 30 October 2020. The liquidation procedure is completed with the payment of the liquidation proceeds to the entitled unitholders.
Reason for liquidation: The net sub-fund assets of the two aforementioned sub-funds have each fallen below a volume that no longer enables efficient and economic management of the sub-funds in the interests of the unitholders.
The liquidation of the sub-fund assets shall be carried out via the Management Company. The anticipated liquidation costs will be taken into account in the calculation of the unit value from the date of publication of this notice to the unitholders, and all other necessary cost accruals will be made, receivables collected and liabilities redeemed.
The issue of Shares in the said Sub-Funds will cease from the date of publication of this notice. The possibility of redeeming units for the sub-funds will cease on 26.10.2020, 14.00 CET. The calculation of the performance fee of the Sub-Funds will continue until 30.10.2020.
Liquidation proceeds which have not been claimed by the unitholders at the end of the liquidation procedure will be deposited by the Custodian Bank for the account of the entitled unitholders with the "Caisse de Consignations" in Luxembourg, where these amounts will be forfeited if they are not claimed there within the statutory period.
The umbrella fund NESTOR Fonds will be continued after the liquidation of the aforementioned sub-funds with the sub-funds that continue to exist.
The valid Prospectus of the Umbrella Fund NESTOR Fund including the Management Regulations, the Key Investor Information Document as well as the annual and semi-annual reports are available free of charge at the registered office of the Management Company, at the Depositary and at all Paying Agents.
Munsbach, 08 October 2020
NESTOR Investment Management S.A.