SF Retail Properties Fund increases capital
SFP Funds AG is carrying out a capital increase of up to CHF 52.14 million for the SF Retail Properties Fund. The proceeds will be used to expand and diversify the real estate portfolio.
The subscription period runs from May 16 to 30, 2018, the fund company announced. Up to 506,250 new units of the SF Retail Properties Fund will be issued at a price of CHF 103.00 per unit. Ten existing units entitle the holder to subscribe to one new unit,
SFP Funds further announces that the issue will be carried out on a commission basis ("best effort basis") as part of a public rights offering in Switzerland. Subscription rights can be traded in the period from May 16 to 28. Unsubscribed shares will not be issued.
The fund management company intends to inform investors of the final number of new units on May 31. Payment will take place one day later, on June 1, 2018.
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