Pure Swiss Opportunity REF announces capital increase
The issue is expected to have a volume of up to CHF 25.7 million, the fund management company says.
The fund management company Pure Funds AG is carrying out a capital increase for the real estate fund Pure Swiss Opportunity REF from May 15 to 26. The size is expected to be a maximum of CHF 25.7 million, Pure Funds announces. The fund intends to use the proceeds of the issue to acquire residential properties in the cities of Lucerne and St.Gallen, as well as on the outskirts of Zurich and in the district of Zofingen. It also intends to use the fresh capital to reduce its leverage.
According to Pure Funds, the issue will be carried out on a commission basis ("best effort basis") within the framework of a public subscription offer in Switzerland. The subscription ratio is 2:1 and the issue price has been set at CHF 122.00 net per unit. A maximum of 210,806 new shares will be issued. (ah)
