On January 18, 2024, unitholders of these funds were informed of the proposed merger. The proposer merger will be discussed at a separate unitholder meeting on February 12, 2024. The planned merger date is March 18, 2024.

The grounds for the merger have been approved by the Financial Supervisory Authority of Norway:

• Declining customer base in ODIN Europe and low demand for the fund. ODIN therefore does not wish to continue funds with this type of mandate
• Unitholders will continue to have exposure to several European companies
• ODIN Global gains a larger capital base, which enables more efficient management

The merger is an important step forward in ODIN’s overall strategy to concentrate our portfolios to raise the overall quality of the investment decisions we make. We are convinced that this will benefit all our unitholders in the form of even better management results going forward.

Here you can read frequently asked questions and answers about the merger

Here you will find more information about ODIN Global
See the 2023 annual commentary from the managers of ODIN Global