OREANDA-NEWS. November 17, 2014.
Nordea 1, SICAV
Societe d’Investissement a Capital Variable
R.C.S. Luxembourg B 31442
562, rue de Neudorf, L-2220 Luxembourg
(The “Company”)
 
NOTICE TO SHAREHOLDERS
 
The shareholders of Nordea 1, SICAV (the “Shareholders“) are hereby informed that a new prospectus of the Company (the “Prospectus”) will enter into force on 12 December 2014, unless a different date is defined for individual changes hereafter, for the purpose of including in the Prospectus, among others, the changes summarised below.

Nordea 1 – Danish Mortgage Bond Fund

Risks in times of rising and decreasing interest rates, in the context of Danish mortgage bonds, are now explicitly stated.

Nordea 1 – European High Yield Bond Fund


-     Contingent convertible bonds are part of the debt securities the Sub-fund may invest into.

-     Collateralised loan obligations (CLOs) and collateralised debt obligations (CDOs) are part of the asset-backed securities the Sub-fund may invest into.

Nordea 1 – Global Fixed Income Alpha Fund

The Sub-fund is changing its name to Nordea 1 – Flexible Fixed Income Fund in order to offer a better first understanding of the sub-fund to the investors. There is no change of the investment policy.

Nordea 1 – Nordic Stars Equity Fund

It is now specified that derivatives can also be used in order to apply efficient portfolio management techniques. There is no change of the investment policy per se.

In chapter 2. “Terms and definitions used in this Prospectus”, definition for “contingent convertible bonds“, among other, has been included.

In chapter 3. “Introduction” of the Prospectus, the definition of “U.S. Person” is amended so as to introduce the concept of U.S. ultimate beneficial owners and to clarify criteria leading to the concept of citizen of the U.S.A. Besides, the FATCA status of Nordea 1, SICAV updated to “Reporting Model 1 FFI”.

In chapter 7. “Net Asset Value” of the Prospectus, details on CDOs’ and CLOs’ valuation are included.

In chapter 9. “Risks Considerations” of the Prospectus, paragraphs on special risks considerations in relation to investments in CDOs and CLOs and investments in contingent convertible bonds are included.

Shareholders who do not agree to the changes as described above may redeem their Shares free of any charges, with the exception of any local transaction fees that might be charged by local intermediaries on their own behalf and which are independent from the Company and the Management Company. Such instruction must be received in writing by Nordea 11th of December 2014, 12:00 EET at the latest.

An updated version of the Prospectus dated December 2014 may be obtained, free of any charges, at the Registered Office of the Company or Nordea Bank S.A. at 562, rue de Neudorf, L-2220 Luxembourg, Grand Duchy of Luxembourg, and on the website www.nordea.lu, in the Download Centre, under the “KIID/Prospectus” section, as soon as the Luxembourg regulatory authority (the “CSSF”) has issued the visa-stamped official Prospectus. The updated Prospectus will also be published on Nordea’s homepage www.nordea.ee.

Shareholders having any question relating to the above changes should not hesitate to contact their financial advisor or Nordea call centre.