Capital increase for the HSL Fund
The Helvetica Swiss Living Fund (HSL Fund) plans to conduct an issue in mid-May. According to the fund management, the proceeds are earmarked for acquisitions.
Helvetica Property Investors announced that it intends to carry out a further capital increase with subscription rights for the Helvetica Swiss Living Fund (HSL Fund) in mid-May. The proceeds of the issue will be used to acquire two attractive portfolios and further residential properties in Switzerland.
The subscription period for the capital increase is expected to run in the second half of May 2021, the statement continues. The issue is to be carried out as part of a subscription offer to investors in Switzerland who are admitted in accordance with the fund contract. Helvetica intends to announce the exact terms - volume, issue price and subscription ratio - shortly before the start of the subscription period.
The HSL Fund is aimed at qualified investors and is traded over-the-counter by Bank J. Safra Sarasin.
