Trading Halted in A1 Capital and Pardus Funds, Some Funds to Be Liquidated

A1 Capital Yatırım Menkul Değerler announced that, in accordance with a decision by the Capital Markets Board (SPK), the purchase and sale transactions of investment funds established by A1 Capital Portföy and Pardus Portföy and traded on TEFAS have been suspended. The decision temporarily suspends the trading continuity of the relevant funds. The SPK decision stated that certain funds will be liquidated within the framework of the specified method. The liquidation process will be carried out according to the principles announced by the institution. For investors, the suspension of purchase and sale transactions may create short-term liquidity and pricing uncertainty in the relevant funds. The liquidation decision brings to the agenda the conversion of the portfolios of the said funds into cash at their liquidation value. The development stands out as a regulatory step regarding the operation of funds managed by A1 Capital and Pardus Portföy. Details on the matter are expected to become clear within the framework of the SPK decision and statements by the relevant institutions. Not investment advice.