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01 Aug 2018

Notice fund merger Lyxor EURO STOXX 50 Daily (-1x) Inverse UCITS ETF

According to our records you hold units in the FCP fund Lyxor EURO STOXX 50 Daily (-1x) Inverse UCITS ETF (hereinafter the “Absorbed Fund“).
In order to provide investors with an investment vehicle that offers a corporate governance structure, it was decided, at the request of Lyxor International Asset Management (hereinafter “LIAM”), to merge the Absorbed Fund into Lyxor EURO STOXX 50 Daily (-1x) Inverse UCITS ETF (hereinafter the “Absorbing Sub-fund”), which is a sub-fund of MULTI UNITS FRANCE (MUF), a French SICAV fund.
As a result of this merger through absorption the Absorbing Sub-fund will receive all of the Absorbed Fund’s assets.
When this merger is completed, the Absorbed Fund’s unit-holders will be shareholders of the MULTI UNITS FRANCE fund.