Changes in the rules of real estate funds

OP Fund Management Company Ltd's Board of Directors decided on 22 March 2023 to change the rules of three special common funds: OP-Rental Yield, OP-Public Services Real Estate and OP-Forest Owner. The Finnish Financial Supervisory Authority has discussed the changes. The changes will take effect on 1 July 2023.

Section 8 in the rules of the said funds will be changed so that, in future, we will execute redemption orders biannually, in June and December. The purpose of this change is to enable our portfolio management to better manage liquidity risks. Furthermore, the biannual redemption opportunity is commonly used by Finnish mutual funds investing in real estate. We will continue to accept subscription orders on a quarterly basis. We have also harmonised the wording of Section 8 in the rules of all three funds in question.

We will execute orders received by 30 June in accordance with the current rules.

These changes will not require any action on the part of unitholders. The funds' rules are available at any OP cooperative bank branch and online.

For more information on the funds' outlook, see the fund-specific web pages where you can find the portfolio managers' latest reviews and interim reports (in Finnish).