Procimmo: Fund merger becomes concrete
The Swiss Commercial Fund and Swiss Commercial Fund II sub-funds will be merged at the end of October. Procimmo and the fund management company Solutions & Funds have now announced the details.
The two investor sub-funds Swiss Commercial Fund and Swiss Commercial Fund II will be merged on October 31, 2023, with the merger taking place retroactively on that date and on the basis of the values as at June 30. This was announced by Procimmo Real Estate and Solutions & Funds.
The net asset value of the Swiss Commercial Fund was CHF 147.18/share at the end of June, while the net asset value of the Swiss Commercial Fund II was CHF 122.48/share. The Swiss Commercial Fund is taking over the Swiss Commercial Fund II.
The shareholders of Swiss Commercial Fund II will receive 0.8347 Swiss Commercial Fund shares for each of their shares. The shares are rounded to a whole unit.
The first trading day of the shares of the combined fund is October 31; the shares are traded under ISIN no. CH0033624211. (ah)
