IT WAS RESOLVED TO MAKE A FIRST PARTIAL REIMBURSEMENT OF EURO 85.0 PER UNIT
- TOTAL NAV : 64.9 €/MLN
- NAV PER UNIT: 124.3 EURO
THE PROCESS FOR THE DISPOSITION OF ALL RESIDUAL ASSETS WAS COMPLETED IN THE PERIOD AND BY THE FUND EXPIRY DATE
THE FUND WINDING-UP PROCESS HAS BEEN STARTED FOR EXPIRATION OF THE FUND TERM
Milan, 29 January 2015 - The Board of Directors of Prelios SGR, held on today’s date, approved the winding-up interim report at 31 December 2014 of Olinda - Fondo Shops, a real estate mutual fund.
As already disclosed to the market on 22 December 2014, in the period in question Prelios SGR completed the disposition of the residual assets of Olinda – Fondo Shops for a total amount of Euro 295 million.
The NAV (Net Asset Value) per unit is Euro 124.3, the total NAV is equal to Euro 64.9 million and the Stock price per unit on 31 December 2014 (last trading day on the MIV segment of Borsa Italiana S.p.A.) was equal to Euro 103.5. Therefore, from placement date in March 2004 to 31 December 2014 the theoretical average annual yield is equal to -3.0%.
In the framework of the winding-up process, the Board of Directors resolved upon a first partial reimbursement of Euro 85.0 per unit (Euro 44.4 million) to be made with payment date at 13 February 2015 through Monte Titoli.
After having completed the disposition of the Fund assets, Prelios SGR is carrying out the accounting operations for the Fund final winding-up according to the terms envisaged by the Fund By-Laws and in compliance with the indemnification obligations undertaken upon the transfer of the Fund residual assets and already disclosed to the market in the last few months. The distribution to unitholders will be made with value date within and not later than thirty days from the closing of said accounting operations, which shall be completed within sixty days from the Fund expiry term.
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For further information and details on the annual report at 31 December 2014 of the listed fund Olinda – Fondo Shops, reference should be made to the financial notices to be published on 30 January 2015 in the daily newspapers “Corriere della Sera” and “Il Sole 24 Ore”. The aforementioned annual report will be made available at the offices of Prelios SGR, of Borsa Italiana, of the Depositary Bank State Street Bank S.p.A. and on the website at www.fondo-olinda.com.