HSO Fund: Capital increase in sight
The fund management company Helvetica Property Investors is carrying out a capital increase for the Helvetica Swiss Opportunity Fund. Up to CHF 30 million is to be raised.
The capital increase for the Helvetica Swiss Opportunity Fund (HSO Fund) will run from 11 to 29 October 2021, with the new shares to be paid on 5 November. Helvetica Property Investors intends to use the proceeds from the capital increase of up to CHF 30 million to expand the HSO Fund's portfolio. Various attractive acquisition properties in line with the strategy and some of them exclusive properties are already in the pipeline, says Helvetica.
As part of the issue, one subscription right will be allocated to each existing unit, and four rights each will entitle the holder to subscribe to one new unit. In total, the fund intends to issue a maximum of 250,000 new units at a net price of CHF 120.26 each. This will increase the number of fund units in circulation from 1 million to a maximum of 1.25 million. The exact number of new units will be determined after the end of the subscription period on the basis of the subscriptions received.
The HSO Fund is currently traded over-the-counter by Bank J. Safra Sarasin, with a listing on the SIX Swiss Exchange planned by the end of 2023. (ah)
