Capital increase for the Swissinvest fund
In order to finance the further portfolio expansion, Swissinvest Real Estate Fund is carrying out a capital increase with a volume of up to CHF 67.4 million.
According to the fund management company Pensimo, a maximum of 440,494 new units in the listed Swissinvest Real Estate Fund will be issued as part of the issue at a net price of CHF 153.00 each. The subscription period runs from April 12 to 23, 2021, and eleven subscription rights - corresponding to eleven existing fund units - entitle the holder to subscribe to one new unit. The issue will be carried out on a commission basis ("best-effort" basis) as part of a public rights offering in Switzerland. An official rights trading will take place on the SIX Swiss Exchange from April 12 to 21. The payment of the new shares is scheduled for April 30.
According to Pensimo, the fund intends to use the proceeds of the issue to further expand its real estate portfolio, in particular to purchase additional properties and invest in new construction projects, to finance ongoing projects and refurbishments, and to repay debt financing. (ah)
