KFM Deutsche Mittelstand AG Deutscher Mittelstandsanleihen FONDS buys 6.00% Diok RealEstate Bond (ISIN DE000A2NBY22)
Business news for the stock market
Düsseldorf (pta025/01.10.2018/13:00) - KFM Deutsche Mittelstand AG announces portfolio changes. Deutscher Mittelstandsanleihen FONDS (ISIN LU0974225590) has added the 6.00% bond of Diok RealEstate AG with a maturity in 2023 (ISIN DE000A2NBY22) to its portfolio.
The Deutscher Mittelstandsanleihen FONDS has subscribed the 6.00% - Diok RealEstate AG - bond (WKN A2NBY2) due in 5 years offered in a private placement.
Cologne based Diok RealEstate AG is specialised in office properties in good to very good German secondary microlocations. Existing properties which are leased on a long-term basis from creditworthy addresses are acquired. The management of Diok RealEstate AG has a successful track record of many years. The funds from the bond to be issued will be used to successively build up a real estate portfolio with a total volume of around one billion euros. The acquisition of the properties will be based on a stringent selection procedure.
The newly issued unsecured corporate bond of Diok RealEstate AG with a maturity of five years (until September 30th, 2023) has an interest coupon of 6.00% p.a. (annual interest date on October 1 of each year). Up to EUR 250 million will be placed with a minimum order of EUR 100,000 and a denomination of EUR 1,000. The issue will take place in partial tranches according to the investment requirements of Diok RealEstate AG with European institutional investors within the framework of a private placement.
The bond conditions provide an early call option for the issuer at 104% from 1 October 2020 to September 30th, 2021, at 102% from October 1st, 2021 to September 30th, 2022 and at 100% from October 1st, 2022 to September 30th, 2023. The bond provides a dividend restriction, an additional revenue obligation in favour of the investors and a negative pledge. The issuer undertakes to report twice a year and to comply with defined financial covenants. In the event of violations, the coupon increases by 0.25%.
On KFM Deutsche Mittelstand AG
KFM Deutsche Mittelstand AG is an expert for small and mid-cap corporate bonds and initiator of the Deutscher Mittelstandsanleihen FONDS (WKN A1W5T2, German small and mid-cap corporate bond fund). The administrative company is FINEXIS S.A. and the custodian bank is Joh. Berenberg, Gossler & Co. KG, Luxembourg branch. The fund offers private and institutional investors an attractive return in combination with a broad diversification of investments. The investment strategy of the fund is based on the results of the KFM-Scoring, an analytical tool developed by KFM Deutsche Mittelstand AG. The Deutscher Mittelstandsanleihen FONDS annually distributes returns to its investors. On 26.03.2018 the fund distributed EUR 2.25 per unit to its investors for 2017. For the fourth time in a row the distribution yield thus exceeded 4% p.a. based on the respective unit price at the beginning of the year. Also in the current year investors benefit from the value appreciation of the fund and the associated planned distribution at the level of previous years. The fund is evaluated with top grades by Morningstar and FWW-Fundservice. KFM Deutsche Mittelstand AG was an award winner at the "Großer Preis des Mittelstandes 2016" (grand award of the German small and mid-cap companies 2016) for its analytical tool KFM-Scoring and the above-average performance of Deutscher Mittelstandsanleihen FONDS.
This press release is neither an offer nor a request to make an offer but is merely provided as an overview and description of possible business activities. The information contained in this document does not have to be complete and is therefore non-binding. To the extent that this document contains statements on prices, interest rates or other indicators, these refer only to the time of the publication of this document and contain no statement or forecast on future developments, particularly not regarding future profits or losses. This document does moreover not constitute an advice or recommendation. Important advice: dealings in securities are connected with risks, particularly the risk of a total loss of invested capital. You should therefore seek personal advice before taking any investment decision, taking into account your personal asset and investment situation and not base your investment decision solely on this press release. Please contact your bank or financial advisor for this purpose. The permissibility to buy a security can be subject to certain conditions, in particular your nationality. Please also seek respective advice before making an investment decision. Deutscher Mittelstandsanleihen FONDS is at the time of publication of this document not invested in the stated security and has subscribed to the emission. KFM Deutsche Mittelstand AG, the producer of this document or individuals who participated in the production of this document hold units of Deutscher Mittelstandsanleihen FONDS. Changes in the price of the bond can result in financial advantages for KFM Deutsche Mittelstand AG, the producer of this document or individuals who participated in the production of this document. Before participating in a business activity described in this document it is in any case necessary to seek client- and product-specific advice from your advisor. Extensive product related information is contained in our complete prospectus, the essential information for investors and the annual and, if applicable, semi-annual reports. These documents constitute the solely binding basis for the purchase of fund units. They are available free of charge at the administrative company (FINEXIS S.A., 25A, boulevard Royal L-2449 Luxembourg) and the custodian bank (Joh. Berenberg, Gossler & Co. KG Luxembourg branch, 46, Place Guillaume II, L-1648 Luxembourg or Joh. Berenberg, Gossler & Co. KG, Neuer Jungfernstieg 20, 20354 Hamburg or at Erste Bank der österreichischen Sparkassen AG, Graben 21, A-1010 Wien) and on the homepage of Deutscher Mittelstandsanleihen FONDS dma-fonds.de. The administrative company and KFM Deutsche Mittelstand AG assume no liability for damages that result or have resulted from the use and / or distribution of this document.
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