HSL Fund seeks fresh money
Helvetica Property Investors announces details for the capital increase of the HSL Fund. The issue is expected to inject up to CHF 38 million into the fund's coffers.
The capital increase for the Helvetica Swiss Living Fund (HSL Fund) is scheduled to run from May 10 to 26, 2021. A maximum of 342,789 new units will be issued at an issue price of CHF 109.68 net per unit. This may increase the number of outstanding units from 1.37 million to up to 1.71 million. One subscription right will be allocated to each existing unit, and four subscription rights will entitle the holder to subscribe to one new unit. The payment is scheduled for May 31.
According to the fund management company, the proceeds from the issue of a maximum of CHF 38 million will be invested in the already secured purchase of over 300 apartments in attractive locations worth around CHF 130 million. The purchase is planned immediately after payment of the capital increase. This will bring the fund's total to over 800 apartments. (ah)
