Sabah Ekonomi1 hour agoBusiness1 min readTürkiye

CMB initiated interim payment to investors for the liquidation of Tera Portföy and other funds

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The Capital Markets Board started to make interim payments of up to 1 million TL to the investors of the funds established by Tera Portföy, Pusula Portföy, Atlas Portföy and Hedef Portföy and decided to be liquidated.
Full payment will be paid for those whose net investment amount is less than 1 million TL, and a maximum of 1 million TL will be paid for those whose net investment amount is 1 million TL and above.
It will first be launched from money market funds.

AI-generated summary

Why It Matters

The Capital Markets Board took the decision to liquidate the funds established by Tera Portföy, Pusula Portföy, Atlas Portföy and Hedef Portföy and started the payment process to investors.

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According to the decision included in the weekly bulletin of the Capital Markets Board (CMB), the institution started the payment process for the investors of the funds established by Tera Portföy, Pusula Portföy, Atlas Portföy and Hedef Portföy and decided to be liquidated.

An interim payment will be immediately transferred to all unit share holders whose entitlement reconciliation has been completed, in line with the final liquidation result.

INTERIM PAYMENT UP TO 1 MILLION TL

According to the regulation, if the investor's net investment amount is less than 1 million TL, the entire amount will be made as interim payment, and if it is 1 million TL or more, a maximum of 1 million TL will be made as interim payment.

It was decided to start the application first with money market funds.

Open Questions

When will the liquidation process be completed?
How and when will the remaining investors be paid?
How will the funds' assets be distributed?

CMB initiated interim payment to investors for the liquidation of Tera Portföy and other funds

Quick Look

The Capital Markets Board started to make interim payments of up to 1 million TL to the investors of the funds established by Tera Portföy, Pusula Portföy, Atlas Portföy and Hedef Portföy and decided to be liquidated.
Full payment will be paid for those whose net investment amount is less than 1 million TL, and a maximum of 1 million TL will be paid for those whose net investment amount is 1 million TL and above.
It will first be launched from money market funds.

AI-generated summary

Why It Matters

The Capital Markets Board took the decision to liquidate the funds established by Tera Portföy, Pusula Portföy, Atlas Portföy and Hedef Portföy and started the payment process to investors.

Font size

An interim payment will be immediately transferred to all unit share holders whose entitlement reconciliation has been completed, in line with the final liquidation result.

INTERIM PAYMENT UP TO 1 MILLION TL

It was decided to start the application first with money market funds.

Open Questions

When will the liquidation process be completed?
How and when will the remaining investors be paid?
How will the funds' assets be distributed?

CMB initiated interim payment to investors for the liquidation of Tera Portföy and other funds

Quick Look

Why It Matters

Open Questions

Related Topics

CMB initiated interim payment to investors for the liquidation of Tera Portföy and other funds

Quick Look

Why It Matters

Open Questions

Related Topics

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