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As SCB Asset Management Company Limited (SCBAM) previously announced on the closure of SCBADAGIO and SCBMBOND and returned the sale proceeds from the Mirror Fund after deduction of expenses to the unitholders.
SCBAM would like to further update on the Side Pockets – January and February 2023 report of H2O Adagio SP SR and H2O MultiBonds SP I (the Master Funds of SCBADAGIO and SCBMBOND respectively) as follows:
| ISIN Code Side Pocket | Name of the Side Pockets in EUR | Date of split| 31/01/2024 |
Latest available 29/02/2024 |
Change in estimated valuation |
| FR0013535077 | H2O Adagio SP SR | 0.66 | 0.66 | 0.00% |
| FR0013535960 | H2O MultiBonds SP I | 4,214.71 | 4,227.83 | 0.31% |
Monthly comments:
Summary of January and February Report:
As of January 2024, given the evolution of certain assets held within side-pocketed (“SP”), the estimated valuations as of the end of January have been revised downward.
As of February 2024, no major change in February 2024 regarding the estimated valuations. Additionally, the details of the second reimbursement, initially communicated on January 26th, will be disclosed shortly. February 2024 estimated valuations will serve as the basis for calculating the second reimbursement per share class unit. Our commitment in carrying out the complete liquidation of the SP funds remains unchanged, as does our intention to treat unitholders equally.
Source: Side Pockets – January and February 2024 report from H2O Asset Management.
Please be informed accordingly.
SCB Asset Management Company Limited
SCB Global Income Fund (Accumulation)
SCB LOW VOLATILITY EQUITY FUND (Dividend)
SCB LOW VOLATILITY EQUITY FUND
(Accumulation)
SCB Low Volatility Equity RMF
SCB Global Equity Absolute Return Fund (Accumulation)
SCB Mixed – Spicy Fund (Accumulation)
SCB Income Fund (Accumulation)
SCB Income Fund (Auto Redemption)
