The suspension of the issue and redemption of the unit certificates of ČS nemovitostní fond, open-ended mutual fund of REICO investiční společnost České spořitelny, a.s. (hereinafter referred to as the “ČS nemovitostní fond” and REICO ČS LONG LEASE, open-ended mutual fund, REICO investiční společnost České spořitelny, a.s. (hereinafter referred to as “REICO ČS LONG LEASE fond”), (hereinafter referred to jointly as the “Funds”).

The Board of Directors of REICO investiční společnost České spořitelny, a.s. has decided to suspend the issue and redemption of the Funds’ unit certificates on 14 December 2021, i.e. from 3 January 2022 at 0:00 (a.m.) to 4 January 2022 at 24:00 (p.m.).

The reason for the suspension is financial statements work at the turn of the year, namely:

• control and completion of the Funds’ accounting so all the data for closing the accounting year are complete,
• processing the regular annual financial statements including the calculation of the income, subsequent detailed control of the depositor in which there are time shifts usually due to the more demanding processing,
• closing of the account books, technical fixing of the Funds’ portfolios due to the correct year-on-year accrued and deferred expenses and revenues. The introduction of initial balances for valuation in the new year in the valuation and accounting system is a time consuming process (up 48 hours), which makes it impossible to perform any transactions related to the new accounting period,
• adjustments and setting of control systems for the calculation of NAV Funds for the new calendar year.

The suspension does not apply to unit certificates, the issue or redemption of which was requested before the time of suspension. The current value of unit certificates is not calculated during the suspension period.

Once the issue and redemption of unit certificates is renewed, the procedure taken will be that pursuant to Section 139 (1) a) of Act No. 240/2013 Coll., which means: all unit certificates will be issued and redeemed without undue delay after the day of the renewal of the issue and redemption of unit certificates, the issue and redemption of which was requested after the day of the suspension and for which there was no payment of consideration for the redemption or issue of unit certificates, for the first current value of unit certificates determined as of the day of the renewal of the issue and redemption of unit certificates.
 
 
 
Prague 17 December 2021