{"id":1578,"date":"2020-04-23T21:58:56","date_gmt":"2020-04-23T19:58:56","guid":{"rendered":"https:\/\/kreditfonden.se\/?p=1578"},"modified":"2020-04-23T21:58:56","modified_gmt":"2020-04-23T19:58:56","slug":"scfi-offentliggor-information-kring-aterkop-per-den-4-maj-2020-samt-reviderad-forvantan-avseende-den-framtida-utvecklingen-med-covid-19-paverkan","status":"publish","type":"post","link":"https:\/\/finserve.se\/en\/scfi-offentliggor-information-kring-aterkop-per-den-4-maj-2020-samt-reviderad-forvantan-avseende-den-framtida-utvecklingen-med-covid-19-paverkan\/","title":{"rendered":"SCFI publishes information regarding repurchases as of May 4, 2020 as well as revised expectations regarding the future development with the impact of covid-19"},"content":{"rendered":"<p>The fund publishes information regarding repurchases as of May 4, 2020. The fund has currently issued profit-sharing loans corresponding to a value of approx. SEK 4.2 billion. In the wake of the outbreak of covid-19 in Sweden, the Fund has received an increased number of notifications of early redemption from investors of approximately SEK 780m. The manager in charge notes that under current market conditions combined with the fund&#039;s investment strategy, there is a lack of opportunities to carry out early redemptions according to the investors&#039; request without the risk of significantly disadvantaging other investors in the Fund.<\/p>\n<p>Given the above, the board of the Fund decides the following.<\/p>\n<ul>\n<li>With the support of clauses 10.1 \u2013 10.3 of the General terms and conditions regarding the Fund&#039;s possibility to wait to redeem profit-sharing loans, the board decides that the Fund shall handle received notifications of early redemption in such a way that the payments to the investors who requested redemption are divided and carried out continuously in pace with that the fund&#039;s liquidity allows.<\/li>\n<\/ul>\n<p>Payments during the period must be distributed pro rata between investors as the Fund can liquidate positions or engagements in an orderly manner and without significant inconvenience to other investors.<\/p>\n<p>Redemption must, according to point 10.3 compared to 4.11 of the General Terms and Conditions, take place at the NAV rate determined at the end of the month closest to the redemption date.<\/p>\n<ul>\n<li>The board will continuously follow developments and make the necessary decisions on how future redemption transactions should be handled.<\/li>\n<\/ul>\n<p><strong>See further information in this <a href=\"\/wp-content\/uploads\/2020\/04\/200423_FAQ_SCFI_AB_publ_X.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">FAQ<\/a>.<\/strong><\/p>\n<p>Revised expectation regarding the future development with the impact of covid-19. The company aims to achieve 6-8 % annual net returns to the holders of profit-sharing loans. Taking into account the covid-19 impact, the fund revises its expected return for 2020 to 3-5 % net return. Since inception, however, the return is within the range with an average annual return of 7.4 % per latest NAV with annual interest on interest effect.<\/p>\n<h5>Annual return 2016-2020<\/h5>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-1580\" src=\"https:\/\/kreditfonden.se\/wp-content\/uploads\/2020\/04\/scfi-\u00e5rsavkastning-16-20-1024x562.png\" alt=\"\u00c5rsavkastning 2016-2020\" width=\"1024\" height=\"562\" \/><\/p>\n<p><strong>For further information, please contact:<\/strong><\/p>\n<p><strong>Fredrik Sj\u00f6strand, CEO\/CIO Scandinavian Credit Fund I AB (publ), tel. 070 575 75 51, <a href=\"mailto:fredrik.sjostrand@kreditfonden.se\">fredrik.sjostrand@kreditfonden.se<\/a><\/strong><br \/>\n<strong>Peter Norman, CEO Skandinaviska Kreditfonden AB, tel. 0733 929 455, <\/strong><a href=\"mailto:peter.norman@kreditfonden.se\"><strong>peter.norman@kreditfonden.se<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>Fonden offentligg\u00f6r information kring \u00e5terk\u00f6p per den 4 maj 2020. Fonden har i dagsl\u00e4get emitterat vinstandelsl\u00e5n motsvarande ett v\u00e4rde om ca SEK 4,2 mdr. I sp\u00e5ren efter utbrottet av covid-19 i Sverige har Fonden tagit emot ett \u00f6kat antal anm\u00e4lningar om f\u00f6rtida inl\u00f6sen fr\u00e5n investerare om ca 780 mkr. Ansvarig f\u00f6rvaltare konstaterar att det under [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1123,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"view_count":"490","footnotes":""},"categories":[19],"tags":[],"class_list":["post-1578","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nyheter"],"_links":{"self":[{"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/posts\/1578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/comments?post=1578"}],"version-history":[{"count":0,"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/posts\/1578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/media\/1123"}],"wp:attachment":[{"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/media?parent=1578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/categories?post=1578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finserve.se\/en\/wp-json\/wp\/v2\/tags?post=1578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}