Kempen Capital Management will merge two Euro Credit funds
Kempen Capital Management N.V. today announced the decision to merge the Kempen (Lux) Euro Credit Fund Plus and the Kempen (Lux) Euro Credit Fund with effective date 26 August 2022. The Kempen (Lux) Euro Credit Fund Plus will be incorporated into the Kempen (Lux) Euro Credit Fund and will cease to exist.
Both funds are sub-funds of Kempen International Funds SICAV. Both are managed by the Kempen Euro Credit Team based on the same investment philosophy and approach, targeting an attractive alpha with a limited risk profile. The merger aims to rationalize our offering by incorporating a product with modest size into a larger fund with an overlapping investment policy, thus allowing to increase efficiency from an operational and economic standpoint.
Shareholders in the Kempen (Lux) Euro Credit Fund Plus will after the merger be invested in a fund with a similar risk profile and appropriate scale, and will benefit from a more competitive cost structure (see table below). Shareholders in the receiving Kempen (Lux) Euro Credit Fund will benefit from more focus of the investment team and an increase in the size of the fund.
More information for shareholders is available here and here.
The Kempen (Lux) Euro Credit Fund Plus and the Kempen (Lux) Euro Credit Fund are sub-funds (Sub-funds) of the Kempen International Funds SICAV (the ‘Fund’), domiciled in Luxembourg. This Fund is authorised in Luxembourg and is regulated by the Commission de Surveillance du Secteur Financier. Kempen Capital Management N V (‘Kempen’) is the management company of the Fund. Kempen is authorised as management company and regulated by The Netherlands Authority for the Financial Markets. The Sub-funds are registered with The Netherlands Authority for the Financial Markets under the license of the Fund.
The information in this document provides insufficient information for an investment decision. Please read the Key Investor Document and the prospectus. These documents of the Fund are available at the registered office of the Fund located at 60, Avenue J.F. Kennedy, L-1855 Luxembourg and on the website of Kempen (www kempen com/investmentfunds).
The Sub-funds are registered for offering in a limited number of countries The countries where the sub-funds are registered can be found on the website.
The value of your investment may fluctuate. Past performance provides no guarantee for the future.