Somoni Eurostability Mutual Fund Starts Redemption of Units

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Somoni Eurostability Mutual Fund Starts Redemption of Units

Somoni Eurostablity mutual fund has started the redemption of units after the fund's net asset value reached 385 825.13 euro on April 11, exceeding the minimum required amount of 500,000 leva (255,650 euros).

The units of the fund are denominated in euro and are a low-risk investment as the fund has a conservative investment policy and invests mainly in bonds and government securities.

Somoni Asset Management's three funds Somoni Eurostability, the high-yield Somoni Progresss and the balanced Somoni Strategy obtained licenses to operate one year ago.

The combined net value of the assets of the three funds stood at 3,211,270.19 leva (1.64 mln euros) as at April 11, 2008.

The issue value of the units equals the net asset value per unit, which means that investors will not be charged a fee upon purchasing the units.

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