SCFI will cancel the issue in January 2017

Wishing you a good continuation in the new year!

Scandinavian Credit Fund I, in consultation with the fund's issuing institution and Euroclear, which handles the administration of the Vinstandelslån, has decided to cancel the issue in January 2017. This means that the next issue occasion/deposit into the fund will be 1 February 2017.

The background is to ensure that nothing goes wrong as it is the first time the fund, together with Euroclear, will convert the 2016 Profit Share Interest into new Profit Share Loans and restore the fund rate to 100.00.

Customers who signed up for the fund during December will have their start date on 1 February 2017 instead of 2 January but will be compensated for missed returns.

The customers who have sent in the subscription notification no later than December 27, 2016 will be compensated with 0.55%, which is the average increase in 2016. You who sent in the subscription notification for the subscription in January will receive this letter sent to him.

 

Sincerely

Peter Norman
CEO