The Board of Directors of Evli Fund Management Company Ltd has decided to amend the rules of the UCITS funds and open-ended non-UCITS funds managed by the company. The amendments are mainly based on changes to fund regulation that will enter into force on April 16, 2026, under which funds must select at least two liquidity management tools defined in the regulation. The selected liquidity management tools support the liquidity of the funds in exceptional market conditions.
The following liquidity management tools will be introduced for Evli’s UCITS funds and open-ended non-UCITS funds:
1. Extension of notice periods
All Evli UCITS funds and the Evli Q7 Fund (AIF):
If exceptional market conditions prevail that may affect the liquidity of a mutual fund, the Management Company may decide that redemption orders must be submitted ten (10) banking days before their execution day. Under normal circumstances, orders submitted before the cut-off time will be executed at the net asset value of fund units calculated for the redemption date or at the net asset value of fund units of the day following the redemption date, as specified in the fund-specific rules.
Evli Rental Yield Fund (AIF), Evli Rental Income II Fund (AIF), and Evli Logistics Properties Fund (AIF):
The Management Company may decide that redemption orders must be submitted 12 months before the fund’s actual redemption date. Under normal circumstances, orders must be submitted no later than six (6) months before the fund’s actual redemption date.
Evli Nordic Senior Secured Loan Fund (AIF):
The Management Company may decide that redemption orders must be submitted three (3) months before the fund’s actual redemption date. Under normal circumstances, orders must be submitted no later than one (1) month before the fund’s actual redemption date.
2. Limiting redemptions on a single trading day
All Evli UCITS funds and open-ended non-UCITS funds:
In order to safeguard the liquidity of a fund, the Management Company has the right to limit the amount of redemptions executed on any single trading day in accordance with the fund rules if the total amount of net redemptions submitted for that trading day is at least five (5) percent of the most recent net asset value of the fund (“Activation Threshold”).
If this right is exercised, redemption orders will be executed pro rata up to at least the Activation Threshold. To the extent that the Activation Threshold is exceeded, redemption orders may be left unexecuted in whole or in part. Any unexecuted portion of redemption orders will be carried forward for execution on the next official redemption date or trading day of the fund. In practice, this (the pro rata method) means that all unit holders submitting redemption orders will receive the same proportional share of their redemption.
Other rule amendments
In addition to the liquidity management tools described above, the rules of all UCITS funds and open-ended non-UCITS funds have been amended to allow for the application of asset segregation arrangements (known as side pocket arrangements). Assets whose financial or legal characteristics have changed significantly, or which have become uncertain due to exceptional circumstances, may be separated from the other assets of the fund.
The conditions for redemptions in kind, as well as provisions regarding the temporary suspension of subscriptions and redemptions, have also been clarified. The provisions on suspending subscriptions and redemptions have been updated to reflect the changes in regulation.
For the Evli Rental Yield Fund (AIF), Evli Rental Income II Fund (AIF) and Evli Logistics Properties Fund (AIF), the rules have also been subject to technical amendments in addition to the liquidity management tools described above. For example, the timing of the preparation of the financial statements has been changed. These amendments harmonize the rules of the above real estate funds to ensure consistency.
The rule amendments will enter into force on April 15, 2026
The Finnish Financial Supervisory Authority confirmed the amendments to the fund rules on February 11, 2026. The funds’ amended rules will enter into force on April 15, 2026, and will apply to all unit holders. No action is required from unit holders regarding the rule amendments.
The updated rules of Evli’s funds will be available from March 12, 2026, at the address www.evli.com/fundrules. The funds’ key information documents and the updated fund prospectus will be available by April 15, 2026, at the address www.evli.com/funds 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 e-mail at info@evli.com from 9.30 am to 4.30 pm on weekdays (Finnish time, CET+1).
EVLI FUND MANAGEMENT COMPANY LTD
