Zurich, 19 June 2024
Ad hoc announcement pursuant to Art. 53 LR
Swiss Life REF (CH) ESG Swiss Properties: issue price and issue prospectus
A capital increase of around CHF 610 million is planned for the Swiss Life REF (CH) ESG Swiss Properties in July 2024. The issue price is CHF 114.80 net per unit.
The issue will take place on a commission (“best-effort”) basis as part of a public subscription offer in Switzerland. Three (3) subscription rights entitle the holder to purchase one (1) new unit. The subscription period for the issue will run from 2 July until 12 noon CET on 12 July 2024. In total, a maximum of 5 400 000 new units will be issued. If applicable, any unsubscribed units will not be issued, which may reduce the amount of the issue.
The issue price is CHF 114.80 net per unit and is based on the net asset value as at 31 March 2024, plus the purchase of current income and the issuing commission due at 1.5% (of which a flat rate of 0.5% will be allocated as ancillary costs in favour of the fund). The actual number of new units to be issued will be announced on 16 July 2024, with payment under subscription on 17 July 2024.
The issue prospectus can be found on the website.
Issue conditions
| Issue volume: |
Approx. CHF 610 million |
| Subscription period: |
From 2 July to 12 July 2024, 12:00 p.m. (CET) |
| Subscription ratio: |
Three (3) subscription rights entitle the holder to one (1) new unit. |
| Subscription rights trading: |
From 2 July to 10 July 2024 on SIX Swiss Exchange. |
| Issue price per unit: |
CHF 114.80 net per unit
(NAV as at 31 March 2024 (CHF 112.34) + accrued return + issuing commission). |
| Issuing commission: |
The issuing commission for the new units is 1.5% (of which a flat rate of 0.5% will be allocated as ancillary costs in favour of the fund). |
| Payment under subscription: |
17 July 2024 |
| Circle of investors: |
The circle of investors is not restricted. |
| ISIN / security no. subscription rights: |
Unit certificate: CH0293784861 / 29378486
Subscription right: CH1355290185 / 135529018 |
| Type of issue: |
The issue will take place on a commission (“best-effort”) basis as part of a public subscription offer in Switzerland. |
| Use: |
The issue proceeds will be used to acquire a real estate portfolio worth around CHF 700 million from Swiss Life Ltd and for the renovation and expansion of existing residential buildings. |
Information
Media Relations
Phone +41 43 284 77 77
media.relations@swisslife.ch
Investor Relations
Phone +41 43 284 52 76
investor.relations@swisslife.ch
www.swisslife-am.com
Swiss Life Asset Managers
Swiss Life Asset Managers has more than 165 years of experience in managing the assets of the Swiss Life Group. This insurance background has exerted a key influence on the investment philosophy of Swiss Life Asset Managers, which is governed by such principles as value preservation, the generation of consistent and sustainable performance and a responsible approach to risks. Swiss Life Asset Managers offers this proven approach to third-party clients in Switzerland, France, Germany, Luxembourg, the UK, Italy and the Nordic countries.
As at 31 December 2023 assets under management for third-party clients amount to CHF 111.8 billion. Together with insurance mandates for the Swiss Life Group, total assets under management at Swiss Life Asset Managers stood at CHF 255.7 billion. Swiss Life Asset Managers is a leading real estate manager in Europe1. Of the assets totalling CHF 255.7 billion, CHF 85.4 billion is invested in real estate. In addition, Swiss Life Asset Managers, in cooperation with Livit, manages real estate totalling CHF 21.2 billion in value. Total real estate assets under management and administration at the end of December 2023 thus came to CHF 106.7 billion.
Swiss Life Asset Managers employs more than 2200 people in Europe.
Self-determined Life
Swiss Life enables people to lead a self-determined life and look to the future with confidence. Swiss Life Asset Managers pursues the same goal: We think long-term and act responsibly. We use our knowledge and experience to develop future-oriented investment solutions. This is how we support our customers in achieving their long-term investment objectives, which in turn also take account of their client’s needs so they can plan their financial future in a self-determined manner.
1 INREV Fund Manager Survey 2023 (AuM as of 31.12.2022)
Disclaimer
This announcement has been produced with the greatest possible care and to the best of our knowledge and belief. However, we do not accept any liability for losses resulting from the use of this information. This publication is not intended as a solicitation or recommendation to buy or sell investment instruments, but only serves to provide information. Prior to subscribing or acquiring fund units on the stock exchange, investors should obtain and carefully read the detailed information on the fund contained in the regulatory documentation (prospectus with integrated fund contract, PRIIPs KID and the latest annual and semi-annual reports) that serve as the sole legal basis for the purchase of fund units. These may be ordered free of charge in electronic or printed form from the fund management company, Swiss Life Asset Management Ltd, General-Guisan-Quai 40, 8002 Zurich.
Past performance is no indication of current or future performance The performance data do not include commissions and costs incurred when issuing and redeeming fund units. Both Swiss Life Ltd and the other members of the Swiss Life Group are entitled to positions in this fund and to purchase and/or sell them. Swiss Life Asset Managers’ funds may not be offered for sale or sold in the US or on behalf of US citizens or US persons residing in the US. “Swiss Life Asset Managers” is the brand for the asset management activities of the Swiss Life Group. More information is available at www.swisslife-am.com. Source: Swiss Life Asset Managers (unless stated otherwise). All rights reserved. Contact: info@swisslife-am.com.
