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Changes in the Rules of MF "DSK Stability - European equities"

Changes in the Rules of MF "DSK Stability - European equities"

The Financial Supervision Commission approved amendments to the Rules of MF "DSK Stability - European equities" (the Fund). The most common amendments relate to the following:

The duration of each fund’s investment cycle increases and will be approximately five (5) years, and it will again include two main periods, called conditional "open" period and "limited" period. The duration of the open period will be approximately one (1) month, and the duration of the "limited period" - approximately five (5) years. In order to ensure liquidity of investments of unit holders during the limited period there will be provided some "intermediate periods" that will apply lower fees charged to the investors for the sale and redemption of units compared to the fees in the rest of the "limited" period". Every limited period will include four (4) "intermediate" periods of approximately one (1) month duration. The beginning of the first "intermediate" period of investment’s cycle will be not later than twelve (12) months after the beginning of  the "limited" period" and the beginning of each subsequent "intermediate" period will be approximately twelve (12) months after the beginning of the previous "intermediate" period of the same "limited" period.
 
The investment strategy of the Fund aims to ensuring the protection of the increase in value of the unitholders’ investments as far as possible with the above objective - to increase the value of investments of the unitholders over protected size by generating the maximum possible investment return by taking a low to moderate risk. Protecting the increase value of the investment means the net asset value per unit, calculated on the last working day of the "limited" period, to be at least 101 (one hundred and one) percent of the net asset value per unit, calculated on the last day of  the "open" period. In order to ensure a capital gain, the Fund may invest part of its assets in derivative financial instruments that provide exposure to stock indices of European companies.

Fees for issuing and redemption of units during the "limited" period will be reduced and will be 5% and 10% of NAVU. In "intermediate" period the fee will be, respectively, 1% and 2% of NAVU.

The new Fund’s Rules are in force as of 1st February 2016 when began the first "open" period of the investment cycle of the Fund. It will continue until February 29, 2016, and as of 1st March 2016 starts the first "limited" period.
"DSK Asset Management" will inform unitholders and other investors about the exact date on which will begin every "open" / "limited" period of the investment cycle and any "intermediate" period within "limited" period, at least 30 days before the start of the each period by messages:
- at all "desks"/offices that distribute the Fund’s units;
- on the website of the Management Company.
Approved Rules of MF "DSK Stability - European equities" (effective from 01.02.2016) can be found every day from 9:30 am. to 17:00 pm. in the office of "DSK Asset Management" address: Sofia, ul. "Alabin" № 36, fl. 3, in branches of "DSK Bank" that distribute Fund’s units within their working hours and on website  www.dskam.bg. Information is available in Bulgarian.

Investors should have in mind that the value of the funds’ units and the income from them may decrease, the profit is not guaranteed and they take up the risk of not recovering their investment in full. Before making a final investment decision, it is advisable for investors to familiarize themselves with the Prospectus and the Key Investor Information Document of the respective fund. The documents are in Bulgarian and they are available on the website of DSK Asset Management AD (www.dskam.bg), and upon request can be obtained free of charge on paper at the office of the Management Company or at the offices of the DSK Bank AD, designated as a distribution point, every working day within their working hours.