Suspension of price calculation: ERSTE BOND DANUBIA

Due to the current political situation and the associated uncertainties regarding the trading of the Russian securities held by the fund and the sanctions imposed against Russia, the calculation of prices and the trading of unit certificates will be suspended for the listed fund from 1 March 2022.

The resumption of unit certificate trading will be announced separately.

Details:

ERSTE BOND DANUBIA – All orders received by 3:45 pm on 25 February 2022 (cut-off) will be settled at the fund price from 28 February 2022, while all orders received after 3:45 pm on 25 February 2022 will be cancelled (purchase) or accumulated and settled at the next fund price (sale).

Rules for the suspension of price calculation:

• Pursuant to the Austrian Investment Fund Act 2011 (InvFG 2011), investment firms are generally obligated to accept the redemption of fund units at any time – the order procedures, such as cut-off times, are defined in the fund prospectus.
• In exceptional circumstances, the redemption/issue of fund units can be suspended. This is the case, for example, when a significant portion of the securities in the fund can no longer be traded and reliable price formation is thus no longer possible.
• In order to ensure that unit-holders are not treated unequally, neither purchase nor sale orders will be executed until pricing is possible again.
• The suspension of unit certificate trading, which occurred yesterday, and its resumption must be announced to the FMA and published in Wiener Zeitung.

Why this measure was taken:

The unrestricted trading of Russian securities is currently no longer possible, and extensive sanctions have been imposed that affect the trading of Russian securities, among other things. As a result, a fair price can no longer be calculated for the fund and in order to ensure the equal treatment of all unit-holders, neither unit purchases nor unit sales will be executed.