Payment principles for liquidated funds have been determined

CMB's "Procedures and Principles Regarding Liquidation and Payments to be Made Pursuant to the Law on Certain Investment Funds for which Liquidation has been Decided No. 7596" was published on the Board's website.

Accordingly, the liquidation of the investment funds founded by Tera Portföy Yönetimi AŞ, Pusula Portföy Yönetimi AŞ and Atlas Portföy Yönetimi AŞ, which were included in the scope of liquidation with the decisions of the CMB dated September 17, 2026, within the framework of the provisions of the law, will begin.

Work on the liquidation process of the funds will be carried out under the coordination of the CMB, together with the Savings Deposit Insurance Fund, Borsa Istanbul AŞ, Central Registry Agency AŞ (MKK), Istanbul Settlement and Custody Bank AŞ, Banking Regulation and Supervision Agency, Ziraat Bankası AŞ, Türkiye İş Bankası AŞ and other relevant organizations.

The liquidation of the funds founded by Pusula Portföy Yönetimi AŞ and Atlas Portföy Yönetimi AŞ will be carried out by Ziraat Bank, and the liquidation of the funds founded by Tera Portföy Yönetimi AŞ will be carried out by Türkiye İş Bankası.

Within the framework of the CMB's decisions dated September 30, 2026 and October 15, 2026, interim payments will be made to the shareholders of the investment funds in liquidation founded by Tera Portföy Yönetimi AŞ, Pusula Portföy Yönetimi AŞ and Atlas Portföy Yönetimi AŞ.

Interim payments will start primarily from investment funds with the phrase "money market" in their title.

If the distributable cash of the liquidated funds founded by the portfolio management companies in question is sufficient to cover the total amount calculated based on the valid fund unit share price and the number of participation shares subject to payment as of the end of the day before the liquidation decision date, the final payment will be made to the fund shareholders instead of an interim payment.

Within the scope of the said procedures and principles, the amount of interim payment to be made to fund shareholders on a fund basis cannot exceed the net investment amount calculated by MKK without indexation and 1 million lira.

Source: TRT Haber Ekonomi RSS (Open Press / Translated Full Text)