Capital increase for SF Retail Properties Fund
The real estate fund SF Retail Properties Fund is carrying out a capital increase of up to CHF 105.3 million from mid-September.
For the capital increase, up to approximately 1.013 million new shares are to be issued by means of a rights offering. Four existing shares entitle the holder to subscribe to one new fund share, with an issue price of CHF 104.00 net each. The gross proceeds will therefore amount to a maximum of 105.3 million.
The subscription period runs from September 18 to 29, 2017, and the fund management company will inform investors of the definitive number of new units to be issued on October 2, 2017.
Units that are not subscribed during the rights offering will either be offered by the fund management of SF Retail Properties Fund in a free placement or, if necessary, not issued. This would reduce the issue amount accordingly.
The payment of the new units to be issued is expected to take place on October 3. On this date, the listing and thus the start of trading of the fund units on the SIX Swiss Exchange will also take place.
SF Retail Properties Fund is aimed at qualified investors. The fund invests in a diversified real estate portfolio of properties with retail space, including the ancillary premises required for operations and the associated parking areas. In addition to retail space, these properties may also contain commercial space, office space or apartments.
