EQS-Adhoc

Swiss Life Asset Management AG: Swiss Life REF (CH) Swiss Properties: closing of 2020/2021 financial year and pending capital increase - Seite 2

Capital increase announced
The Swiss Life REF (CH) Swiss Properties real estate fund is carrying out a capital increase in November/December 2021 with a volume of around CHF 300 million. This will be used to acquire a high-quality real estate portfolio worth in the region of CHF 340 million.
The issue will take place on a commission ("best-effort") basis as part of a public subscription offer in Switzerland. Five (5) subscription rights entitle the holder to purchase one (1) new unit. Official trading in the subscription rights will take place from 29 November to 8 December 2021 at SIX Swiss Exchange Ltd. In total, a maximum of 2 700 000 new units will be issued. Any unsubscribed units may not be issued, thereby reducing the amount of the issue.
The issue price of CHF 113.50 is based on the net asset value as at 30 September 2021 less the distribution for the 2020/21 financial year. It includes the purchase of current income and an issuing commission of 2%. The subscription period will run from 29 November until 10 December 2021, with 16 December 2021 as the payment under subscription date.

Responsible investing
The Swiss Life REF (CH) Swiss Properties real estate fund has been participating in the annual GRESB (Global Real Estate Sustainability Benchmark) since 2018. In 2021, the fund received a "Green Star" rating of three out of five possible stars - an acknowledgement of good ESG integration in real estate investments.

Further information about the real estate fund (issue prospectus, annual report as at 30 September 2021 etc.) can be found at the following link.

Issue conditions

 

Name	Swiss Life REF (CH) Swiss Properties
ISIN / security no. of fund	CH0293784861 / 29378486
Income	Distributed
Legal form	Contractual real estate fund
Fund domicile	Switzerland
Investor group	Non-qualified and qualified investors
Nature of issue	The issue will take place on a commission ("best-effort") basis as part of a public subscription offer in Switzerland.
Issue volume	Approx. CHF 300 million
Appropriation of issue proceeds	Purchase of a real estate portfolio owned by Swiss Life Ltd.
Subscription period	29 November 2021 to 10 December 2021, 12:00 (CET).
Subscription ratio/new units issued	Five (5) subscription rights entitle investors to acquire one (1) new unit / maximum of 2 700 000 units.
ISIN/security subscription rights	CH1143003460 / 114300346
Issue price	CHF 113.50
Issuing commission	The issuing commission for the new units is 2% for the fund management company, custodian bank and/or distributor.
Trading of subscription rights	29 November 2021 to 8 December 2021 at SIX Swiss Exchange Ltd.
Payment under subscription	16 December 2021
Fund management and administrator	Swiss Life Asset Management Ltd., Zurich
Fund management	Swiss Life Asset Management Ltd., Zurich
Custodian bank	UBS Switzerland AG, Zurich
Market maker	Bank J. Safra Sarasin AG, Zurich

 

Information