Article 21. Termination of the mutual fund

The termination of the mutual fund is carried out in case of:

expiration of the trust agreement;

receipt of applications for redemption of all investment units;

cancellation of the license of the trustee, if his rights and obligations under the trust agreement of this fund within three months from the date of cancellation of the license are not transferred to another trustee;

achieving the goals of its creation and implementation of activities specified in the documents of the mutual fund;

the presence of a unanimous decision by the owners of investment units to terminate the unit fund.

Investment assets of a mutual fund are subject to disposal by the trustee on the stock exchange (for securities) and public trading. Funds received from the sale of investment assets of a mutual fund shall be payable to the owners of investment shares of a mutual fund in proportion to the number of investment shares held by them.

The unanimous decision of the owners of investment units of a mutual fund to establish an investment fund on its basis shall be recognized as a decision to terminate the mutual fund.

Upon termination of the mutual fund, the activities of the trustee of this mutual fund shall be subject to mandatory audit by an audit organization.