Regulation (EU) 2015/760 Article 22

Distribution of proceeds and capital

Article 22

1. An ELTIF may regularly distribute to investors the proceeds generated by the assets contained in its portfolio. Those proceeds shall comprise: (a) proceeds that the assets are regularly producing; (b) capital appreciation realised after the disposal of an asset. 2. The proceeds shall not be distributed to the extent that they are required for future commitments of the ELTIF. 3. An ELTIF may reduce its capital on a pro rata basis in the event of a disposal of an asset before the end of the life of the ELTIF, provided that such a disposal is duly considered to be in the investors' interests by the manager of the ELTIF. 4. The rules or instruments of incorporation of an ELTIF shall specify the distribution policy that the ELTIF will apply during its life.

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of 2026-07-04

CitationArticle 22 of Regulation (EU) 2015/760 (LawPlayer, data as of 2026-07-04)

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