Fund investors to receive interim payments of up to TRY 1 million
Türkiye’s Capital Markets Board (SPK) has approved interim payments for investors in certain investment funds undergoing liquidation, allowing them to recover part of their money without waiting for the final liquidation process.
For funds established by Tera, Pusula, Atlas and Hedef Portföy, payments will be based on the net investment amount calculated by the Central Securities Depository (MKK) for investors whose ownership reconciliation has been completed.
Investors with a net investment amount below TRY 1 million will receive the full amount, while those with TRY 1 million or more will receive an interim payment of up to TRY 1 million. The process will begin with money market funds. Investors’ fund units will not be redeemed during the interim payment process; redemption of the units and calculation of any remaining entitlements will take place during the final liquidation stage.
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