The Fund’s Patrimony: the Fund aims to collect 150 million Euros and will be able to operate once 10 million Euros has been subscribed to (total initial value).
Initial subscriptions: 13,600,00 million
Initial share value: 50,000 Euros
Operational launch date: 27 December 2016
Duration: 7 years, extendable for another 2 years maximum if participants are interested. The Fund Management could extend the Duration Term of the “Real Estate Residence Fund” (eventually already extended) for not more than 3 years, to complete the disinvestments in the portfolio and reimbursement of the shares.
Beneficiaries: the subscription to the Fund and acquisition of shares are reserved to professional qualified investors. Professional investors as in professional private clients, public clients as well as those who may be treated as professional clients pursuant to Article 6, comma 2-5 and 2- of the Consolidated Law of Finance.
Subscription: the asset of the Fund may be collected through 1 or more issues of shares and transfer in cash or goods in kind/receivable loans.
Arranger and Servicer: Davis & Morgan Merchant Bank S.p.A.
Independent Expert: Yard S.r.l. Credit & Asset Management
Depositary Bank : Société Générale Securities Services – SGSS S.p.A.
Audit : KPMG S.p.A.
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