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Information note of investors of CLOSED-END INVESTMENT FUND DCP INVESTITII

26 Oct. 2017

 

S.A.I. ATLAS ASSET MANAGEMENT S.A. registered in F.S.A. Registry with the no. PJRO5SAIR/400030, in quality of administrator of FIA DCP INVESTIŢII, informs the investors about the authorization, by F.S.A., through the Advice no. 1121/25.10.2017, of the following changes occurred in the Fund Issue Prospectus and in the Company Contract:    

1. The amendment of the subchapter 3.3.2 Investment policy limits point 9, thus "The Fund will invest, in compliance with the legal provisions, maximum 10% of its assets, in equity papers of other O.P.C.V.M. or A.O.P.C that meet the conditions stipulated in art. 82, point d) of GEO 32/2012". Herewith, at the same subchapter was added the point 10, thus “The Fund doesn’t invest in real estate.”

2. The amendment of the fourth paragraph provided at the characteristics of the fund units listed in Chapter “4 Operating Procedures" subchapter “4.1 Fund unit" as follows: "Units are redeemable on the 15th day and on the last day of each month. If the dates established for redemption are non-working days, the fund units will be offered for redemption on the next working day at the value of the fund unit from that working day”.

3. The amendment of the subscription period provided in the first paragraph from point “4.2.2 Subsequent issued of fund units” from the Issue Prospectus, thus: Monthly, on the 15th day and also on the last day of the month, will be offered for subscription, in a public offer, a number of maximum 30.000 (thirty thousand) fund units. If the data set for subsequent issues are non-working days, the fund units will be offered for subscription on the next working day following the value of the fund unit from that working day.

4. The amendment of the redemption period provided in the first paragraph from point "4.2.3 Redemption and Payment Procedure of Fund Units" from the Issue Prospectus, thus: The Fund's investors have the right to redeem all or part of the fund units on the 15th day, as well as on the last day of each month. If the dates set for redemption are non-working days, the fund units will be offered for redemption on the next working day at the value of the fund unit from that working day.

5. The amendment of paragraph 4 provided in "Chapter 3. Information about the Fund" Subchapter "3.2 Fund Objective" thus: "However, fund units are redeemable from the Fund's assets on the 15th day and on the last day of each month. If the dates set for redemption are non-working days, the fund units will be offered for redemption on the next working day at the value of the fund unit from that working day. "

6. The amendment of the net asset calculation and certification period provided in the first paragraph from chapter 7 "Methods for determining net assets value", thus "The calculation of the net unitary assets value of the Fund is made on a bi-monthly basis for the last day of the month and for the 15th day of the month, if the dates set are non-working days, it will be calculated for the next working day. The calculation is made by the Management Company and certified by the Depositary, in accordance with the provisions of Law no. 297/2004, with subsequent amendments and additions, and in accordance with the provisions of Regulation no. 15/2004 as follows ... "and of paragraph 4 provided in the same chapter.

7. The amendment of Fees paid by the Fund investors referred to in chapter 8 "Fees and other charges" sub-point a) thus: "On the updated date of this Issue Prospectus, the value of the subscription fee is 0,11% of the amount deposited by the investor. The maximum subscription fee value may be 3% of the amount deposited by the investor.

The Company may change the value of the subscription fee up or down without exceeding the maximum value, with F.S.A. notification within maximum 10 days of making the change and it will enter into force on the date of publication of the investors information note in the daily newspaper mentioned in this Prospectus. The Company may increase the maximum subscription fee value only with the F.S.A. authorization and the entry into force after at least 10 days from the publication of the investors information note. Under the conditions where the Fund investment is kept for at least 365 days from the issue date of the equity papers, the subscription fee may be negotiated. The negotiation is materialized by signing an Investment Agreement in this respect. If the investor redeems the equity papers within 365 days, thereby violating the above-mentioned condition, he will bear the subscription fee mentioned in the Investment Agreement. In this respect, the subscription fee mentioned above will be deducted from the redemption amount in the case of redemption of the subscription fee within 365 days from the subscription.

The Company may charge differentiated subscription fees for investors legal and individual persons, respectively employees of the Company, their level may reach zero, depending on the type of investor, the value invested and the period related to it. Granting this reduction does not entail any additional cost to the Fund. The amounts resulting from the application of the subscription fee are collected by the Company.
Upon redemption of fund units, the investors will not be charged. "

 

The amendments regarding the subscription/ redemption period were also operated in the Company Contract.

 

Together with the above-mentioned amendments, the Issue Prospectus and the Company Contract also include the following changes:

- the amendment of the expenses beard by the fund in the Issue Prospectus - the introduction of the Fund's expenses and the payment of the equivalent value, Legal Entity Identifiers (LEI), in the context of the reporting to the central transaction registries, according to EMIR;

- the updating of the subchapter 3.3.4. of the Issue Prospectus regarding the Persons Responsible for analyzing investment opportunities;

- throughout the documents, the term Closed Investment Fund was replaced with "Closed-end Investment Fund", "Civil Society Contract" with "Company Contract" and C.N.V.M with F.S.A.;

- the updating / the amendment of some provisions of the documents in order to align with the new provisions of the Civil Code and GEO 32/2012;

- the updating / the reformulation of some provisions of the documents for a greater clarity/ understanding of the content of the documents; 

The investors of the Closed-end Investment Fund DCP Investitii who don’t agree with the changes occurred in the Fund’s documents have the possibility that, in 15 days from the publication date of the investors information note, redeem the held units only in full. Full details about the amended documents can be found on www.atlas-am.ro, and can also be obtained upon request, free of charge, from the head office of the management company from Bucharest, 1st district, Şoseaua Bucuresti-Ploiesti, no. 7A, 2nd floor, telephone 021- 021 361 78 21, fax 021- 361 78 22.

 

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