Swisscanto (CH) Real Estate Fund Responsible Swiss Commercial: Conditions for capital increase
Ad hoc notification from 28. September 2021
The fund management company of Swisscanto (CH) Real Estate Fund Responsible Swiss Commercial makes public the conditions of its announced capital increase.
Swisscanto (CH) Real Estate Fund Responsible Swiss Commercial today made public the conditions of issue for its announced capital increase of up to CHF 50 million. The new units can be subscribed from 30 September to 11 October 2021 at an issue price of CHF 104.99 per unit. The capital increase will be carried out while maintaining the subscription rights of existing shareholders.
With this capital increase, Swisscanto (CH) Real Estate Fund Responsible Swiss Commercial is continuing its responsible growth strategy. The fund has an attractive investment pipeline, with which its existing portfolio is to be expanded in line with its strategy. The proceeds of the issue are earmarked for the financing of existing obligations and the repayment of borrowed capital.
Overview of conditions
| Newly issued units | Max. 472,964 units |
|---|---|
| Previous number of units | 4,729,641 |
| Subscription ratio | 10:1, ten (10) existing units entitle the holder to subscribe to one (1) new unit |
| Allocation of subscription rights | The cut-off date is 29 September 2021 (after close of trading); from 30 September 2021, the units will be traded ex subscription rights. |
| Subscription period | 30 September 2021 – 11 October 2021, 12.00 noon CEST |
| Issue price | CHF 104.99 net per unit (NAV per 30 June 2021 + accrued income + issuing commission) |
| Issuing commission | 2% |
| Swiss security no. / ISIN | Unit: 11 195 919 / CH0111959190 Subscription right: 113 250 178 / CH1132501789 |
| Rights trading | Official subscription rights trading on 30 September 2021 – 7 October 2021 on SIX Swiss Exchange AG |
| Settlement date | 12 October 2021 |
| Dividend rights | The new unit certificates bear full dividend rights for the 2021 financial year. |
| Use of the proceeds from the issue | The proceeds from the issue will be used for the financing of existing obligations and the repayment of borrowed capital. |