Pure Swiss Opportunity REF closes issue
According to the press release, the fund also attracted new investors in a difficult market environment. However, the issue target was not reached.
Pure Funds AG carried out the capital increase for the Pure Swiss Opportunity REF from November 20 to November 30. A total of 74,011 new units were issued at an issue price of CHF 123.90. This resulted in gross issue proceeds of CHF 9.2 million. The newly issued shares were paid out on December 7. "Despite a challenging market environment, both existing and new qualified and institutional investors took the opportunity to subscribe for PSO shares," Pure Funds writes in a press release.
The proceeds from the issue will be used to acquire two residential and commercial properties in St. Gallen. After completion of the two transactions, the value of the real estate assets will reach around CHF 137.0 million. In addition, the debt ratio will be reduced.
The issue target had been CHF 16.5 million. This was a sum that had already been reduced shortly before the start of the subscription period (IB reported). (aw)
