SparDanmark Invest Temporarily Suspends Trading of Funds
Temporary Suspension of Trading by SparDanmark Invest
Nykredit Portefølje Administration A/S has requested the suspension of trading for all funds managed by it, affecting various departments that are overseen by the administration. This action comes as a result of technical challenges that have made it impossible to provide accurate Net Asset Values (NAV).
Reason Behind the Suspension
The primary reason for this temporary halt in trading is related to these technical issues. These difficulties have given rise to concerns regarding the integrity of the pricing for the funds. The suspension will remain in effect until these issues are resolved and accurate pricing can once again be ensured.
Funds Affected by the Suspension
The suspension currently encompasses several departments, including:
Department Overviews
1. Conservative Fund - Order Book Code: SDIKON
2. Balance Fund - Order Book Code: SDIBAL
3. Offensive Fund - Order Book Code: SDIOFF
4. Growth Fund - Order Book Code: SDIVKS
These specific funds have been earmarked due to their reliance on accurate NAV reporting, which is currently not achievable under the present conditions.
Management’s Statement
In response to the situation, the management is committed to restoring normal trading operations as swiftly as possible. Communication with investors and stakeholders is a priority, ensuring they are informed as developments unfold.
Contact Information
For any inquiries regarding this announcement, investors are encouraged to reach out to Portfolio Management via email at npa.pm@nykredit.dk. Moreover, questions can also be directed to Christian Rye Holm at CRH@nykredit.dk.
Thank you for your understanding during this challenging period.
Frequently Asked Questions
What led to the suspension of trading?
The trading suspension was initiated due to technical difficulties in providing accurate NAV for the funds.
How long will the suspension last?
The suspension will continue until the technical issues are resolved and accurate pricing can be confirmed.
Which funds are affected?
The Conservative Fund (SDIKON), Balance Fund (SDIBAL), Offensive Fund (SDIOFF), and Growth Fund (SDIVKS) are currently suspended.
Who should I contact for more information?
Inquiries can be directed to Portfolio Management or Christian Rye Holm via the provided email addresses.
How will investors be informed about updates?
Management is committed to timely communication with investors regarding any developments related to the trading suspension.
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