Statement from the Directorate of Communications regarding the Ninth Fund Coordination Board Meeting

In the statement made on the social media account of the Directorate of Communications, it was reported that the Ninth Fund Coordination Board Meeting was held under the chairmanship of Vice President Cevdet Yılmaz, and the Ministry of Justice, the Ministry of Treasury and Finance and relevant institutions and organizations attended the meeting.

In the statement, it was reminded that in line with the Law on Certain Investment Funds That Have Been Decided to Liquidate dated October 22, 2026 and numbered 7596 adopted by the Turkish Grand National Assembly and the decision of the Capital Markets Board dated October 27, 2026 and numbered 76/1903 regarding the procedures and principles for liquidation and payments, the first interim payments in the funds subject to extraordinary liquidation began to be deposited into the accounts of the fund owners as of October 30, 2026.

In the statement, it was stated that as of October 30, a total of 29.3 billion lira was deposited to the accounts of the fund owners within the scope of extraordinary liquidation in the funds created by Atlas, Pusula and Tera Portföy Management companies, and added: "In the previous period, 68 billion lira was paid in 93 funds within the scope of the ordinary liquidation created by A1 Capital, Bulls, Pardus and Hedef Portföy Management companies. Thus, as of Friday, October 30, 2026, a total of 100 funds were paid in all ordinary and extraordinary liquidations." "97.3 billion liras were paid to 247 thousand 839 investors." expressions were used.

In the statement, the following was noted:

"To date, within the scope of the ordinary and extraordinary liquidation process carried out under the coordination of our relevant institutions, approximately 76 billion lira has been paid in cash and in kind to 178 thousand 537 individual investors and the principal amounts of these investors have been paid. As a result of the audits carried out by the authorized institutions, investors who were determined to have made unfair and exorbitant profits were excluded from the scope of interim payment.

Interim payments to be made within the scope of Law No. 7596 and CMB's decision No. 76/1903 will continue, starting from money market funds, from the lowest fund participation share holder to the highest, ensuring that the largest number of investors receive payments. "Interim payments will continue this week under the coordination of our institutions responsible for the liquidation process."