Brief: NB Aurora Approves Transformation Into Semi-Liquid Ever-Green Fund

NB Aurora SA SICAF RAIF

12/12/2024 06:33

Dec 12 (Reuters) - NB Aurora SA SICAF RAIF  NBAA.MI :
    * SAID ON WEDNESDAY IT HAD APPROVED TRANSFORMATION TO
SEMI-LIQUID
EVER-GREEN FUND WITH SHORTER DURATION
    * CLASS A SHARES WILL BE NO LONGER FREELY TRANSFERABLE DUE
TO 120
DAYS LOCK-UP FOLLOWING TRANSFORMATION
    * MANDATORY APPROVAL OF BOARD TO BE REQUIRED FOR CLASS A
SHARES
TRANSFER FOLLOWING EXPIRY OF LOCK-UP PERIOD
    * WRITTEN CONSENT OF SHAREHOLDERS EQUAL OR EXCEEDING 50% OF
NAV 
REQUIRED
    * SHAREHOLDERS CAN EXPRESSLY PROVIDE CONSENT UP TO JAN 20,
2025
    * TRANSFORMATION WOULD TRIGGER DELISTING OF CLASS A SHARES
FROM
MIV PROFESSIONAL

        
 Further company coverage:  NBAA.MI  

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