News
Update on subfunds of Credit Suisse Virtuoso SICAV-SIF: Payment of proceeds from the compulsory redemption from SCF Funds¹ during their winding down to holders of side pocket shares
December 15, 2021
As communicated on March 31, 2021, the Board of Directors of the Umbrella “Credit Suisse Virtuoso SICAV-SIF” decided to create side pockets for each of the following funds:
- Credit Suisse (Lux) Multi Strategy Bond Fund
- Credit Suisse (Lux) Multi Strategy Alternative Fund
- Credit Suisse (Lux) Institutional Target Volatility Fund EUR
A cash payment of some of the proceeds from these side pockets to the accounts of affected clients is planned with value date 17.12.2021, as follows:
Affected funds and share classes
| Fund name | Side pocket share class | Proceeds per share | ||
| ISIN | ||||
| Credit Suisse (Lux) Multi Strategy Bond Fund | USD SP |
LU2319534694 | USD 77.71 |
|
| Credit Suisse (Lux) Multi Strategy Alternative Fund |
USD SP | LU2319534348 | USD 77.56 | |
| Credit Suisse (Lux) Institutional Target Volatility Fund EUR | EUR SP | LU2319534850 | EUR 80.42 |
|
1 “SCF Funds” refers to the Credit Suisse Supply Chain Finance Funds. Please visit the links in “Further information about the SCF Funds” below for more details.
The remaining proceeds from the compulsory redemption of the SCF Funds will be paid as soon as practicable in one or more instalments thereafter.
Key dates
| Value date | 17.12.2021 |
Further information about the SCF Funds
| Q&A | EN |