Merger of Ellipsis Short Term Credit Fund into Ellipsis High Yield Fund

As of June 14th 2023, we inform you that Ellipsis Short Term Credit Fund will be absorbed by Ellipsis High Yield Fund. This merger aims to simplify the management framework.

The transaction will be based on the net asset values calculated on the same day from the closing prices on 13 June 2023.

We thank the fund's holders for their confidence. To find out more about the terms of the transaction, the impact on the risk/return profile of the investment and taxation, we invite you to read the letter to holders.

Letter to shareholders:

For more information on the Ellipsis High Yield Fund :