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The class of shares listed below are registered with HM Revenue & Customs in the UK as "reporting funds".  As such, the fund is required to make reports of income to the investors. There may be a requirement for you to pay tax as though you had actually received a distribution from the fund.

If you are not subject to UK taxation, you may ignore this notice. If you are subject to UK taxation (unless you are a non-domiciled individual paying tax on the remittance basis), you will be required to pay tax on the share of income reported to you in this notice. If you are uncertain you should seek advice from your tax advisor.

For UK tax purposes, you are treated as receiving income on the "Fund distribution date" in (d) below. You should therefore include this income in your tax return for the tax year which includes that date.

The amount of income treated as received by you will be the "Excess" reported in (b) below, multiplied by the number of shares you held at 31 December 2018.

The table below comprises the report of income as required for UK purposes, with the columns having the following meanings: 

a) Amount actually distributed to participants per share

b) Excess of reported income per share over amount actually distributed

c) Dates on which distributions were made

d) Fund distribution date

e) Whether the fund continues to be a reporting fund at the present date

Report to investors:

The following SKAGEN funds* have reporting status:  

 

CCY

(a)

(b)

(c)

(d)

(e)

SKAGEN Global II Verdipapirfond

NOK

 

Nil

 

63,246.6092

 

N/A

 

30 June 2019

 

No*

 

 

 

 

 

 

 

SKAGEN Vekst Verdipapirfond

 

 

 

 

 

 

Class A

NOK

Nil

37.1398

N/A

30 June 2019

No*

Class B

NOK

Nil

41.8528

N/A

30 June 2019

No*

 

 

 

 

 

 

 

SKAGEN m2 Verdipapirfond

 

 

 

 

 

 

SKAGEN m2 A

NOK

Nil

0.4959

N/A

30 June 2019

No*

SKAGEN m2 B

NOK

Nil

0.5557

N/A

30 June 2019

No*

 

 

 

 

 

 

 

SKAGEN Focus Verdipapirfond

 

 

 

 

 

 

Skagen Focus A

NOK

Nil

1.1467

N/A

30 June 2019

Yes

Skagen Focus B

NOK

Nil

1.5382

N/A

30 June 2019

Yes

 

 

 

 

 

 

 

SKAGEN Kon-Tiki Verdipapirfond

 

 

 

 

 

 

Class A

NOK

Nil

7.7962

N/A

30 June 2019

Yes

Class B

NOK

Nil

11.6361

N/A

30 June 2019

Yes

 

 

 

 

 

 

 

SKAGEN Global Verdipapirfond

 

 

 

 

 

 

Class A

NOK

Nil

12.4728

N/A

30 June 2019

Yes

Class B

NOK

Nil

15.9642

N/A

30 June 2019

Yes

 

* This share class ceased to be a reporting fund on the last day of the period. If you wish to retain the historic accumulated benefits of reporting fund status, you should speak with your tax advisor as action may be required.

The following SKAGEN funds** have reporting status:

Fund Unit class ISIN Effective date

SKAGEN Global A NO0008004009 01.01.2010

SKAGEN Global B NO0010679012 01.01.2014

SKAGEN Kon-Tiki A NO0010140502 01.01.2010

SKAGEN Kon-Tiki B NO0010679038 01.01.2014

SKAGEN m2 A NO0010657356 31.10.2012

SKAGEN m2 B NO0010708712 30.05.2014

SKAGEN Vekst A NO0008000445 01.01.2010

SKAGEN Vekst B NO0010678998 01.01.2014

SKAGEN Global II - NO0010159924 01.01.2011

SKAGEN Focus A NO0010735137 26.05.2015

SKAGEN Focus B NO0010735129 26.05.2015

** Units in issue in SKAGEN Vekst, SKAGEN Global and SKAGEN Kon-Tiki were renamed SKAGEN Vekst A, SKAGEN Global A and SKAGEN Kon-Tiki A with effect from 1 January 2014. Units in issue in SKAGEN m2 were renamed SKAGEN m2 A with effect from 30 May 2014.

 

Notices of withdrawal from the UK reporting fund regime for the following funds:

SKAGEN m2

SKAGEN Vekst

SKAGEN Global II

 

More information:

2017 UK tax reporting

2016 UK tax reporting

2015 UK tax reporting

2014 UK tax reporting

2013 UK tax reporting

2013 Global II tax reporting

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Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager's skill, the fund's risk profile and management fees. The return may become negative as a result of negative price developments.