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New articles of association for the funds

The fund’s articles of association have been amended in connection with the organisational changes in SKAGEN.

Date: 24/11/23

Carl Locher, Showery weather, 1876. This painting is manipulated and belongs to The Art Museums of Skagen.

In connection with the merger with Storebrand Asset Management AS (SAM), § 1 of the articles of association for all the SKAGEN funds has been amended to reflect the fact that SAM is now the funds’ management company.  

Changes have also been made to § 3.3 of the articles of association of all funds to reflect updated legal provisions. Section 3.6 of the articles of association on techniques for portfolio management (previously lending) has been amended in accordance with the recommended text from the Norwegian Fund and Asset Management Association (VFF).

These changes to the articles of association have been approved by the Norwegian Financial Supervisory Authority. The changes have been made without a prior unit holder meeting following a dispensation from the Norwegian Financial Supervisory Authority and in accordance with § 4-14 (2) of the Securities Fund Act.

The changes come into immediate effect and are reflected in the funds’ prospectuses.

Read more about the new organisational structure here.

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. The funds are denominated in NOK. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document which contain further details about the fund's characteristics and costs. The information can be found on www.skagenfunds.com. Storebrand Asset Management administers the SKAGEN funds which are by agreement managed by SKAGEN's portfolio managers.

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