Scandinavian Credit Fund I

Finserve Nordic AB, which manages the fund Scandinavian Credit Fund I AB (publ), (hereinafter referred to as the Fund), together with the Fund, has decided to completely cancel the loan and request that the Vinstandelslån be redeemed early and that the Fund's operations be wound down.

The background to this decision is that the Fund, since it was reopened for deposits and withdrawals on May 12, 2023, has suffered net outflows of SEK 729 million, which makes it impossible to manage the Fund in a satisfactory manner and in the best interests of the shareholders. In order to ensure equal treatment of all unit owners, the fund has no other option but to wind down the business.

Read more at kreditfonden.se

Press releases

Scandinavian Credit Fund I AB (publ) – Publish half-year report 2023

2023-08-31 17:01 CEST

Stockholm 31 August 2023 – Scandinavian Credit Fund I AB (publ), (hereinafter referred to as the Fund), in which the public and institutional investors have been offered to subscribe to Vinstandelslån. The dividend loan is listed on the Nordic AIF Sweden segment under Main Regulated at the Nordic Growth Market NGM AB (NGM) in Stockholm.

Scandinavian Credit Fund I AB (publ) publishes information on payout and NAV development

2023-07-31 17:58 CEST

Stockholm 31 July 2023 - Scandinavian Credit Fund I AB (publ) below (the "Fund") has in July, according to previous communication, paid SEK 250 million (approx. 10% of AuM) to the Fund's shareholders pro rata. The record date for the payment was 26 July 2023. The fund's unit value (NAV) after the payment is calculated at SEK 83.27, a decrease of approx. -10.01%. The fund's official NAV for July will be published on 1 August 2023.   

Scandinavian Credit Fund I AB (publ) announces that the Fund is discontinuing operations

2023-05-26 14:30 CEST

Stockholm May 26, 2023 – Finserve Nordic AB, which manages the fund Scandinavian Credit Fund I AB (publ), (hereinafter referred to as the Fund), together with the Fund, has decided to completely cancel the loan and request that early redemption of Vinstandelslån take place and that the Fund's operations be wound down. The background to this decision is that the Fund, since it was reopened for deposits and withdrawals on May 12, 2023, has suffered net outflows of SEK 729 million, which makes it impossible to manage the Fund in a satisfactory manner and in the best interests of the shareholders. In order to ensure equal treatment of all unit owners, the fund has no other option but to wind down the business.

Documents

You can find complete information about Finserve's funds in the funds' Fact Sheets and Information Brochures. On the same page, you will also find other documents including full and half-year reports. The material on these pages is intended as general product information only. It should not be seen as investment advice or investment recommendations, and should not be used as a basis for investment decisions. You should always read the fund's Fact Sheet and Information Brochure/Prospectus before you start saving in a fund. We cannot guarantee that the information is complete and it is subject to change without prior notice. The published share value (NAV rate) is based on the most current data available.