Both funds share similar investment strategies and are managed by the same team, so this merger is designed to streamline operations and maintain consistency for investors.
What this means for you as a unitholder in SKAGEN Avkastning
As a unitholder in SKAGEN Avkastning, your current fund units will be merged into Storebrand Kreditt. After the merger, your investments will follow the Storebrand Kreditt strategy.
Key points:
- Both funds are actively managed and invest in Norwegian fixed income securities with medium interest rate and credit risk.
- Storebrand Kreditt can invest in a higher proportion of bonds rated BB and B compared to SKAGEN Avkastning. As such, their index compositions differ slightly.
- The interest duration is about the same for both funds, but Storebrand Kreditt carries a slightly higher credit risk.
Merger process
The merger process has already received approval from Storebrand’s board, including the unitholder-elected members, as well as the Financial Supervisory Authority of Norway. However, the final decision rests with the unitholders of both funds.
For the merger to proceed, at least 75% of the represented units in each fund must vote in favour. To facilitate this, a unitholder meeting is scheduled for 11 November 2025.
If approved, the merger is planned for 5 December 2025. Storebrand will announce the completion of the merger on its website, and you will be able to exercise your rights as a unitholder in the new fund starting from the first business day after the merger.