Echiquier Patrimoine Fund A
Liquidation of the sub-fund “Echiquier Patrimoine Fund” of the Company (the “Sub-Fund”)
As of February 21st, 2020, the assets under management of the Sub-Fund amount to 484K€, such amount being insufficient to efficiently manage the Sub-Fund. On March 2nd, 2020, the Company’s board of directors (the “Board of Directors”) resolved to liquidate the Sub-Fund in compliance with Article 25 of the Company’s articles of incorporation according to which “a Sub-Fund or Class may be terminated by resolution of the Board of Directors of the Company if the Net Asset Value of a Sub-Fund or of a Class is below an amount as determined by the Board of Directors from time to time, or if a change in the economic or political situation relating to the Sub-Fund or Class concerned would justify such liquidation or if necessary in the interests of the shareholders or the Company.”
It intends to liquidate the Sub-Fund with effect as from March 6th, 2020 (the “Liquidation Date”).
Any liquidation proceeds that cannot be distributed to Shareholders will be deposited in their name with the Caisse de Consignation (Consignment Office) in Luxembourg.
In order to ensure that the liquidation takes place smoothly and within the stated timeframe, the Sub-Fund may engage in the gradual sale of their assets prior to liquidation.
We recommend that Shareholders consult their financial advisor regarding the implications that this liquidation has on their financial affairs.
In accordance with the above timeframe, the assets of the Sub-Fund will be liquidated within the shortest period of time, meaning that their investment policies and applicable investment restrictions may no longer be complied with.
Luxembourg, March 3rd, 2020
The Board of Directors of the Company.