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13 Mar 2018

Notice - Amalgamation of classes - LYXOR CAC 40 DAILY (-1X) INVERSE UC

Dear unit-holder,

According to our records you hold units in the FCP fund Lyxor CAC 40 Daily (-1x) Inverse UCITS ETF (hereinafter the “Absorbed Fund”).

In order to provide investors with an investment vehicle that offers a corporate governance structure and simpler accounting procedures, it was decided, at the request of Lyxor International Asset Management (hereinafter “LIAM”), to merge this fund into Lyxor CAC 40 Daily (-1x) Inverse UCITS ETF (hereinafter the “Absorbing Sub-fund”), a sub-fund of the French SICAV fund MULTI UNITS FRANCE (MUF).

As a result of this merger through absorption the Absorbing Sub-fund will receive all of the Absorbed Fund’s assets.
When this