SHARE

26 July 2023

          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 – May and June 2023 report of H2O Adagio SP SR and H2O MultiBonds SP I (the Master Funds of SCBADAGIO and SCBMBOND respectively) as follows:

Monthly comments:

May and June Report:

          H2O AM actively works with its financial and legal advisors with the aim of enabling the reimbursement of the Side Pocket funds.

          H2O AM remains fully committed to liquidating the Side Pocket funds in the interest of unitholders. It was decided to temporarily suspend the publication of the estimated NAV for the Side Pocket funds as of end May and June 2023. Until further notice, please note that latest estimated NAV for SP funds remain those dated 28th of February 2023. It is reminded that the valuation uncertainty that led to the demerger of the funds remains. Only the liquidation will allow for an exact valuation.

          Source: Side Pockets – May and June 2023 report from H2O Asset Management.

Please be informed accordingly.
SCB Asset Management Company Limited