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Reverse share split of Xact Bear and Xact Bear 2

The Board of Directors in Handelsbanken Fonder AB has decided to execute a 1-for-10 reverse split of the fund units of Xact Bear and a 1-for-3 reverse split of the fund units of Xact Bear 2.

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The condition for the reverse split of Xact Bear is 1:10. Every ten fund units will be exchanged for one (1) fund unit.

The condition for the reverse split of Xact Bear 2 is 1:3. Every three fund units will be exchanged for one (1) fund unit.

The reverse split of the above fund units will be executed according to the following schedule: 

RevSplit

Please note that from October 9, 2013 the fund units are traded at the new price. After execution of the reverse split the fund units will have a new ISIN-code. 

Xact Bear

Example: If you hold 625 fund units before the reverse split, your holding will be 625/10 = 62.5 units when the reverse split has been executed. Rounding down results in a holding of 62 fund units and a cash payment for the value of 0.5 units. Payment for odd lots will be paid to your cash account connected to your custody account around October 24, 2013.

A sale will be conducted for holdings of less than 10 fund units. For holdings not evenly divisible by 10 you may purchase fund units on the stock exchange in order to obtain a holding evenly divisible by 10. Such purchase must be done on October 8, 2013 at the latest. 

Reporting of the new number of fund units on your custody account will be done according to the routines of your custodian.

A tax event may occur at the sale of the fractions of fund units, i.e. a profit or loss may arise. 

Xact Bear 2

Example: If you hold 185 fund units before the reverse split, your holding will be 185/3 = 61.66 units when the reverse split has been executed. Rounding down results in a holding of 61 fund units and a cash payment for the value of 0.66 units. Payment for odd lots will be paid to your cash account connected to your custody account around October 24, 2013.

A sale will be conducted for holdings of less than three fund units. For holdings not evenly divisible by three you may purchase fund units on the stock exchange in order to obtain a holding evenly divisible by three. Such purchase must be done on October 8, 2013 at the latest. 

Reporting of the new number of fund units on your custody account will be done according to the routines of your custodian.

A tax event may occur at the sale of the fractions of fund units, i.e. a profit or loss may arise.

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  • i Source: Millistream
  • Updated Updated 23:30, 2017-10-21
  • i Source: Handelsbanken
  • Uppdated Uppdated 12:14, 2017-10-21
  • Information Source: Handelsbanken
  • Updated Updated 12:14, 2017-10-21

Data source

This information is updated every 15th minute from Millistream. Xact does not assume any liability for errors in the information.

Data source

This information is updated every 15th minute from Handelsbanken. Xact does not assume any liability for errors in the information.