Capital increase for CS REF Logisticsplus
As of February 24, the real estate fund Credit Suisse Real Estate Fund Logisticsplus is carrying out a capital increase of up to CHF 107.1 million.
As announced by Credit Suisse Funds, the rights trading will take place from February 24 to March 4, 2020. One subscription right will be allocated to each existing unit, and four subscription rights will entitle the holder to subscribe to one new unit. In total, a maximum of 1.05 million new fund units are to be issued at the issue price per share of CHF 102.00 net. According to Credit Suisse Funds, the net asset value amounts to CHF 100.42 per unit.
The effective number of new shares to be issued is to be announced on March 11, and the payment is to take place on March 13, 2020.
The fund intends to use the proceeds from the issue to expand and diversify its portfolio of logistics and logistics-related properties.
Credit Suisse Funds also announces that it is considering listing CS REF Logisticsplus on the SIX Swiss Exchange. This would open the fund to the public and thus make it accessible to non-qualified investors. (ah)
