SF Retail Properties Fund seeks fresh capital
Swiss Finance & Property Funds is carrying out a capital increase for the SF Retail Properties Fund as of November 11.
As part of the emsision, up to around 506,000 new shares in the SF Retail Properties Fund are to be issued at a net price of CHF 105.00 each. The volume of the capital increase is thus a maximum of around 53 million.
The subscription period starts on November 11 and ends on November 26, 2019. Eleven existing fund units entitle to subscribe to one new unit. According to Swiss Finance & Property Funds, the issue will be carried out on a commission basis ("best effort basis") as part of a public subscription offer in Switzerland.
The fund management intends to provide information on the definitive number of new units to be issued on November 27; the payment of the new units is planned for November 29.
The fund intends to use the proceeds to further expand and diversify its real estate portfolio. (ah)
