AXA: first capital increase of 280 million for the consolidated real estate fund

AXA: first capital increase of 280 million for the consolidated real estate fund
AXA: first capital increase of 280 million for the consolidated real estate fund

The funds raised will be used to expand the investment portfolio as well as to finance various renovation and construction projects.

The management of the AXA Real Estate Fund Switzerland will carry out a first capital increase between June 3 and 21, 2024 at midday, of a maximum of 280 million francs. The funds thus raised will be used to expand the investment portfolio as well as to finance various renovation and construction projects.

The issue of up to 276,039 new fund shares, for a maximum amount of 280 million francs, will enable tax-exempt Swiss occupational pension institutions as well as Swiss social insurance and compensation funds tax-exempt from participating in the net asset value of the fund.

The capital increase will take into account the subscription rights of current investors: each share already held will benefit from a subscription right, and fourteen subscription rights will give the right to subscribe to a new share.

The issue price consists of the net asset value of the AXA Real Estate Fund Switzerland as of March 31, 2024, plus accrued income up to the release date as well as additional acquisition costs and the commission. ’emission. The issue is carried out according to the “best effort” principle. The release will take place on June 28, 2024.

Since the first announcement on March 19, 2024, and after examining the current investment options, the fund management has finally decided to increase the maximum volume of capital increase to 280 million francs.

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