For Coeli's funds, Coeli does not seek to take on an ownership role because the investments are not of such a size that the funds in the typical case become among the largest shareholders. Coeli has also made the assessment that in most cases it is not justified or possible based on the size of the holdings to participate in nomination committees and board work. Normally, these funds will also not be represented at general meetings.
The background to this position is that it would make effective management of the funds more difficult to actively participate in so-called ownership issues. Given that Coeli's Board of Directors considers that it is in the interests of the unit-holders, the Company may, in exceptional cases, deviate from the said basic principle. When deviations are made, the ownership role shall be exercised exclusively in the common interests of the unit holders. This means that other interests from the Company or related companies when exercising ownership always have to give way to any conflicts of interest.