Capital increase for the UBS Sima

The issue is expected to take place in late April or early May this year, according to a statement from UBS Fund Management.

The issue price would consist of the net asset value as of the close of December 31, 2019, after distribution plus accrued income up to the payment date, as well as the issue commission. The exact terms are to be announced at the beginning of April 2020.

The fund intends to use the additional resources to purchase properties, finance refurbishments and construction projects, and repay debt financing.

UBS Sima invests in residential and commercial properties throughout Switzerland. Most recently, the fund acquired six residential properties in western Switzerland - in the cantons of Berne, Neuchâtel, Vaud and Fribourg - when it started in mid-December 2019. (ah)