SCFI cancels the issue in January 2017

Wishing you good progress in the new year!

Scandinavian Credit Fund I, in consultation with the Fund's issuing institution and Euroclear, which manages the administration of the Profit-sharing Loan, has decided to suspend the issue in January 2017. This means that the next issue opportunity / deposit in the fund will be February 1, 2017.

The background is to ensure that nothing goes wrong as this is the first time the Fund together with Euroclear is to convert the 2016 Profit Share Rate into new Profit Share Loans and restore the Fund rate to 100.00.

Customers who subscribed to the fund during December will have their start date of February 1, 2017 instead of January 2, but will be compensated for non-performing returns.

The customers who have submitted the subscription application by December 27, 2016 will be compensated by 0.55%, which is the average increase in 2016. You who have submitted the subscription application for the subscription in January will receive it. here the letter sent to him.

 

Sincerely

Peter Norman
MD

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