- THE BOD RESOLVED TO REIMBURSE EQUITY FOR 10.0 MILLION EURO, EQUAL TO EURO 15.47 PRO QUOTA
- NAV 253.974 EURO PER UNIT; TOTAL NAV EURO 164.2 MLN
Milan, 28 July 2015 – The Board of Directors of Prelios SGR, held on today’s date, approved the report at 30 June 2015 of the listed real estate fund Tecla Fondo Uffici.
From placement date in March 2004, the Fund has achieved an average annual dividend yield of 9.0% (vs. 5.5% target) and NAV is 253.974 euro per unit. On 30 June 2015 the Stock price per unit is equal to 127.9 euro.
The Board of Directors of Prelios SGR, also, resolved to reimburse equity for 10.0 million euro, equal to euro 15.47 pro quota.
The units of Tecla - Fondo Uffici will trade ex coupon as of 17 August 2015.
Payment will be made with value date 19 August 2015.
The Fund’s operating result is equal to 3.6 million euro, net of unrealized capital losses/gains.
It should be noted that, during the semester, the Fund has finalized two disposals selling overall seven properties, located in Milan (Via Giovanni Antonio Plana 38), Cassina de’ Pecchi (MI) (Via L. da Vinci SNC), Monza (Via Molise SNC), Rome (Via delle Conce SNC), Parma (Via Po n. 7), San Remo (IM) (Via G. Borea SNC) and Pavia (Via Taegio n. 3).
Following the partial reimbursement resolved upon on today’s date, the proceeds paid out and the units reimbursed by the Fund from placement date will amount to Euro 617.81 per unit, equal to 122% of the equity initially paid in by investors.
For further information on the annual report at 30 June 2015 of the listed fund Tecla Fondo Uffici reference should be made to the financial notice to be published on 29 July 2015 in the daily newspapers “Corriere della Sera” and “Il Sole 24 Ore”. The afore-mentioned report and the relevant estimate report of the fund’s assets drafted by the independent appraisers will be made available at the offices of Prelios SGR, Borsa Italiana, the Depositary Bank, State Street Bank GmbH, Italy branch, and on the websites at www.preliossgr.com and www.fondotecla.com.
 Estimate by independent appraiser CBRE Valuation S.p.A..