The Exchange Traded Funds will be closed at year end
XACT FTSE RAFI Fundamental Euro (XACT F Euro) and XACT FTSE RAFI Fundamental Sweden (XACT F Sweden) will be closed at year end. The reason for closing is that the funds´ assets under management as well as the turnover are too small.
Last day to trade fund units on the stock exchange is December 14, 2009 for XACT F Euro and December 17, 2009 for XACT F Sweden. Fund units that have not been sold on the stock exchange on these days by the latest, will be redeemed on January 7, 2010 (XACT F Sweden) and January, 11 2010 (XACT F Euro) respectively.
The Funds pay an extra dividend
The funds will pay an extra dividend in order to transferring the taxation of the fund's income to unit-holders, thus avoiding double taxation according to the following schedule;
Oct 12
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The dividend amounts are announced after closing of the market at 5:30 PM
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Oct 13
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Last day to trade fund units including right to dividend
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Oct 14
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Ex dividend day - The dividend is detached and fund units are traded excluding right to dividend
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Oct 21
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Payment of dividend in XACT F Sweden
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Oct 23
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Payment of dividend in XACT F Euro
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I will receive dividend
In order to receive dividend you must hold the fund units at the end of October 13, 2009. Last day to buy fund units, including right to receiving dividend, is accordingly October, 13. A sale of the fund units can be made the following day, without the effect on right to receiving dividend.
I will not receive dividend
If you will not receive dividend, a sale of fund unit has to be made on October 13, by the latest. The following day you can invest in the fund units again without right to receiving dividend.
On Ex-day the price will fall with the amount of the dividend
All others equal, the price of the fund units will fall with an amount corresponding to the dividend on the Ex-day.