Helvetica launches capital increase for the HSL Fund for CHF 125 million
The fund management company will carry out a capital increase of up to CHF 125.6 million for the HSL Fund from April 11 to April 22, 2022, 12.00 noon CEST. Each existing share will be allocated one (1) subscription right. Five (5) subscription rights entitle to the subscription of two (2) new shares against payment of the issue price in Swiss francs. A maximum of 1,096,924 new shares will be issued. The number of shares outstanding will thus increase from 2,742,310 to a maximum of 3,839,234 units. The issue price is CHF 114.54 net per new share and was determined in accordance with the fund contract (§ 17 item 3). The exact number of new shares to be issued will be determined after the subscription period, based on the subscriptions received.
There will be no official subscription rights trading. Subscription rights that have not been exercised during the subscription period will expire with no value after April 22, 12.00 noon CEST. The payment of the new shares will take place on May 2, 2022.
For the funds from the capital increase, twelve properties in good locations with over 400 apartments worth CHF 142 million are secured. Due to these acquisitions, the fund will grow to over 1,600 apartments in attractive locations across Switzerland. The purchase of the properties is planned shortly after the liberation.
The fund units are currently traded over-the-counter by Bank J. Safra Sarasin Ltd.
This media release does not constitute an issuing prospectus according to article 35 et seq. of the Financial Services Act.
Media contacts
Mirjam Nägeli | Salman Baday Head Sales & Marketing +41 43 544 70 95 sb@helvetica.com |
| Details of the capital increase | |
| Issue volume | Maximum CHF 125.6 million |
| Subscription ration | 5:2 |
| Number of existing shares | 2,742,310 |
| Number of new shares | Maximum 1,096,924 |
| Issue price per share | CHF 114.54 net (including issuing commission) |
| Subscription rights trading | No subscription rights trading |
| Subscription period | April 11 - 22, 2022, 12.00 Noon CEST |
| Allocation | April 27, 2022 |
| Payment date | May 02, 2022 |
| Shares valor number / ISIN / Symbol | 49527566 / CH0495275668 / HSL |
| Subscription rights valor number / ISIN | 117503827 / CH1175038277 / HSL1 |
| Use of proceeds | Investments in residential real estate in lith with investment strategy |
| Fund management company | Helvetica Property Investors AG, Zürich |
| Custodian Bank | Bank J. Safra Sarasin AG, Basel |
| Real estate valuation experts | Wüest Partner AG, Zurich |
| Auditors | PricewaterhouseCoopers AG, Zurich |
| Lead Manager | Bank J. Safra Sarasin AG, Basel |
All relevant documents concerning the capital increase can be found on our website or under Swiss Fund Data.
About Helvetica
Helvetica Property Investors AG is a leading real estate fund management company and asset management firm. We deliver sustainable value to our clients through active, long-term ownership of safe and stable real estate investments. With a fully integrated real estate investment platform, we are able to provide both standardized investment products and customized investment plans. We are proud of our longstanding reputation for outstanding client service and dedication to responsible ownership. Our firm is approved and regulated by the Swiss Financial Market Supervisory Authority FINMA
Helvetica Swiss Living Fund
The HSL Fund is a Swiss real estate fund open exclusively to qualified investors. The HSL Fund invests in residential real estate throughout Switzerland, primarily where regional and national economic centers are easily accessible. The investment focus of the fund is on older and newer properties with stable and sustainable revenues. The investment objective is primarily to preserve the fund's long-term value and to distribute reasonable profits. The fund share units can be traded over-the-counter. The HSL Fund is approved by the Swiss Financial Market Supervisory Authority, FINMA.
Ticker Symbol HSL; Valor 49 527 566; ISIN CH0495275668