Capital increase for UBS fund Swissreal
At the end of April or beginning of May, UBS Fund Management (Switzerland) Ltd. intends to carry out a capital increase for the UBS (CH) Property Fund - Swiss Commercial "Swissreal".
The capital increase for Swissreal is expected to reach a volume of around CHF 128 million, UBS says. The fresh capital will be used to purchase properties, finance refurbishments and construction projects, and repay debt financing.
The issue price will consist of the net asset value as of December 31, 2016 after distribution plus the accrued income until the payment date and the issue commission. The fund management states that it reserves the right to postpone the capital increase depending on market developments.
The exact terms are to be announced in early April.
The Swissreal fund invests primarily in Swiss commercial properties, with investments concentrated in large cities and their agglomerations.
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