Helvetica aims to keep HSC Fund distribution stable
The fund management announces that the distribution for the financial year will be between CHF 5.00 and CHF 5.35 per fund unit.
Despite the difficult market situation, Helvetica intends to maintain the distribution of the Helvetica Swiss Commercial Fund (HSC Fund) at the previous year's level. According to the fund management company, it will be in the range between CHF 5.00 and CHF 5.35. This reflects a distribution yield of 6.5%, based on the current trading price of the fund unit.
The plan is also to reduce the debt financing ratio to below 28% by the end of the year and to keep it between 25% and 28% in the long term. Helvetica intends to achieve this partly through property sales and partly by adjusting the fund's short-term financing strategy in order to secure a share of 30% to 50% of mortgages in the medium to long term.
The previously announced merger of the HSC Fund with the Helvetica Swiss Opportunity Fund (HSO Fund) should be completed by the end of 2024 at the latest, the fund management company also announced. Following the merger, the investment volume will exceed CHF 1 billion. Due to synergy effects, the fund management company also expects a reduction in the total expense ratio (TER). Helvetica also plans to reduce the management fee in 2024 by a one-off amount of 14% to 0.60% in order to further optimize the fund's cost structure. (ah)
