Yılmaz's statement on fund liquidation: Net investment amount will be taken as basis in payments

Turkish Vice President Cevdet Yılmaz said payments to investors in investment funds under liquidation will be calculated based on the net amount invested—each investor’s original contribution minus prior withdrawals—rather than the fund’s current value. Yılmaz said more than 455,000 investors are affected and that a significant portion will recover their principal. The clarification matters because it sets the payout methodology for a large retail investor base caught in fund wind-downs. What to watch next is how the liquidation process and payment schedule are implemented for the 455,000-plus investors.