Ad hoc announcement pursuant to Art. 53 LR
Zurich, 13 June 2025 – The two commercial property funds Helvetica Swiss Commercial Fund (HSC Fund) and Helvetica Swiss Opportunity Fund (HSO Fund), managed by the fund management company Helvetica Property Investors, will be merged on 20 June 2025.
- Conversion ratio: 1 HSO fund share will be converted to 0.8967 HSC fund shares,
with the difference being paid in cash
- NAV per share for the HSC Fund as of 30 April 2025: CHF 106.78
- NAV per share for the HSO Fund as of 30 April 2025: CHF 95.76
As previously announced, the HSC Fund and the HSO Fund are to be merged (see press release dated 28 February 2025). The merger will take place on 20 June 2025 with retrospective effect from 30 April 2025, with the first trading day of the merged property fund on 23 June 2025. The audited conversion ratio is based on the valuation (NAV) as of 30 April 2025.
Merger schedule at a glance
- Friday, 13 June 2025: Notification of conversion ratio
- Friday, 20 June 2025: Last trading day of the HSO Fund on the SIX Swiss Exchange
(cum-date exchange of HSO Fund shares)
- Monday, 23 June 2025: First trading day of the merged HSC Fund on the SIX Swiss Exchange
(ex-date exchange of HSO Fund shares)
- Thursday, 28 August 2025: Publication of half-year report 2025 of the merged HSC Fund
Merged HSC Fund
The HSO Fund (SIX ticker symbol: HSO; ISIN CH0434725054) is the transferred fund in the merger and the HSC Fund (SIX ticker symbol: HSC; ISIN CH0335507932) the acquiring fund. The merged fund will be called the HSC Fund (SIX ticker symbol: HSC; ISIN CH0335507932).
The merged HSC Fund will include 36 properties with a value of around CHF 747 million. It will invest in purely commercial property in predominantly suburban, high-growth and well-connected locations in German- and French-speaking Switzerland. The usage types include commercial, production, light industrial, office and retail. The focus is on long-term value preservation and stable distributions.
The aim of the merger is to offer investors a broadly diversified commercial property fund with greater liquidity, improved tradeability and more efficient management.
About Helvetica
Helvetica Property Investors AG, founded in 2006, is an independent real estate investment manager and FINMA-regulated fund manager. We offer institutional and private investors stable property investments with sustainable returns and develop individual solutions that we manage via our fully integrated value chain. Our listed investment products – the commercially focused HSC Fund and HSO Fund and the residentially focused HSL Fund – invest in high-growth, suburban locations throughout Switzerland. Sustainability is an integral component of our business and is formally embraced at fund level throughout the entire property cycle. Helvetica.com
Helvetica Swiss Commercial Fund
The HSC Fund is a Swiss real estate fund for public investors, listed on the SIX Swiss Exchange. It invests in specialised commercial properties throughout Switzerland, focusing on office, commercial and retail use, primarily in suburban, high-growth and easily accessible locations. The investment portfolio is geared towards long-term value preservation and the distribution of constant income. The HSC Fund is authorized by the Swiss Financial Market Supervisory Authority FINMA. Listing SIX Swiss Exchange; ticker symbol HSC; valor 33 550 793; ISIN CH0335507932
Helvetica Swiss Opportunity Fund
The HSO Fund is a Swiss real estate fund for public investors, listed on the SIX Swiss Exchange. It invests in specialised commercial properties throughout Switzerland, focusing on operator, commercial, warehouse and logistics buildings, primarily in suburban, high-growth and easily accessible locations. The focus is on real estate with few tenants and long-term leases that generate stable income. The investment portfolio is geared towards long-term value preservation and the distribution of constant income. The HSO Fund is authorized by the Swiss Financial Market Supervisory Authority FINMA. Listing SIX Swiss Exchange; ticker Symbol HSO; valor 43 472 505; ISIN CH0434725054
Disclaimer
This media release does not constitute a prospectus within the meaning of Art. 35 et seq. of the Federal Act on Financial Services or Art. 27 et seq. of the Listing Rules of SIX Swiss Exchange Ltd, nor a basic information sheet. It does not constitute an offer or a recommendation to subscribe for or redeem fund units but is intended solely for information purposes. This media release may contain forward-looking statements that are subject to uncertainties and risks and may change. Historical performance is no guarantee of current or future performance. The performance data do not take into account any commissions and costs charged on the subscription and redemption of units. The documents that are solely relevant for an investment decision, the prospectus with integrated fund contract as well as the current annual report can be obtained free of charge from the fund management company. This media release is not addressed to persons resident and/or domiciled outside Switzerland. In particular, this media release may not be made available or handed over to US persons within the meaning of the US Securities Act or US tax regulations, nor may it be distributed in the USA.
In case of doubt, the German version shall prevail.
