Helvetica Swiss Commercial: Nearly 65 million in revenue
The latest capital increase of the Helvetica Swiss Commercial Fund (HSC) has been successfully completed. The HSC fund receives additional funds in the amount of CHF 64.92 million.
According to the fund management company Helvetica Property Investors AG, the capital increase carried out for the HSC fund from November 20 to December 15, 2017, which was carried out on a commission basis ("best effort basis") as part of a rights offering in Switzerland, was "significantly oversubscribed."
No official subscription rights trading took place during the subscription period. With a subscription ratio of two to one (two subscription rights entitled to purchase one new unit), 617,650 units were issued within the subscription period at an issue price of CHF 105.11 per unit. This was the second capital increase for the HSC Fund, which was launched and paid up eleven months ago.
Already on January 5, 2018, a dividend of CHF 3.50 will be paid out to shareholders, the fund management announces. The payout is thus faster and higher than previously indicated. The distribution yield is therefore around 3.2 percent, says Marcel Hug, CFO and Head of Corporate Services at Helvetica.
The new shares will be paid on January 10, 2018. There will then be 1,852,950 off-exchange traded units in circulation. The proceeds of the issue will be "invested in attractive real estate assets in Switzerland" for the further diversification of the portfolio, the statement continues.
