HSL Fund capital increase significantly oversubscribed
The capital increase for the HSL Fund carried out from November 16 to December 02, 2021 was successfully completed with issue proceeds of CHF 117.5 million. The capital increase was significantly oversubscribed which led to an expansion of the investor circle. A total of 1,028,366 new shares are issued at a net issue price of CHF 114.24 per share. The number of outstanding shares after the capital increase amounts to 2'742'310 shares. The payment will take place on December 06, 2021.
The capital increase was carried out on a commission basis (best effort basis) as part of a rights offering in Switzerland. The proceeds from the capital increase will enable the fund management company to complete the already secured purchase of residential properties with over 287 apartments in attractive locations valued at CHF 143 million. The purchase of these properties enables the expansion of the existing high-quality portfolio of the HSL Fund.
Salman Baday, Head Sales & Marketing, says: 'An offer this attractive with such a convincing pipeline has not been seen in the market for some time. Our investors have recognized this and support our growth strategy. Despite the exceptionally high demand it was possible to serve all investors with shares, if in some cases only to a limited extent.'
The HSL Fund shares are currently traded over-the-counter by Bank J. Safra Sarasin Ltd. For the financial year 2021, the fund management company plans to increase the distribution by 10% to approximately CHF 3.40 per share compared to the previous year. The listing of the fund on the SIX Swiss Exchange is planned by the end of 2022.
Media contacts
Mirjam Nägeli Passion for Real. | Salman Baday Head Sales & Marketing +41 43 544 70 95 sb@helvetica.com |
All relevant documents concerning the capital increase can be found under www.swissfunddata.ch or on www.helvetica.com.
This announcement does not constitute an issuing prospectus according to article 35 ff. of the Financial Services Act.
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 lies on 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 only. The HSL Fund is approved by the Swiss Financial Market Supervisory Authority, FINMA.
Ticker Symbol HSL; Valor 49 527 566; ISIN CH0495275668
Disclaimer
This media release does not constitute a prospectus within the meaning of Art. 35 et seq. of the Federal Act on Financial Services, nor a prospectus, a simplified prospectus or Key Investor Information Document (KIID) within the meaning of the Swiss Collective Investment Schemes Act or a basic information sheet. It does not constitute an offer or a recommendation to subscribe to or redeem fund units, but is intended solely for information purposes. Historical performance is no guarantee of current or future performance. The performance data does not take into account commissions and costs charged on the issue and redemption of units. The units of the HSL Fund may not be publicly offered or promoted in Switzerland. This document is not addressed to persons resident and/or incorporated outside Switzerland. It may not be made available or handed over to US persons within the meaning of the US Securities Act or US tax regulations, nor may it be distributed in the US. The documents, the prospectus and the simplified prospectus, which are relevant for an investment decision, may be obtained free of charge from the fund management company.