OP Fund Management Company Ltd’s Board of Directors discontinued the OP-Russia mutual fund in the summer of 2022.
In addition to the shares of Russian companies, the fund has other assets, which we converted into cash, and for which we paid unitholders the first instalments in the autumn of 2022.
The Russian shares remaining in the fund's portfolio have been defined as worthless, and Russian shares still cannot be traded. It may take a long time to realise the end of the fund's assets. We will sell the Russian stocks as soon as it is possible in the interests of unitholders.
When we have realised and paid the fund’s assets to unitholders, we will make a final settlement of account for the closure and publish it.