| Fund name |
EfTEN Real Estate Fund AS |
| Fund type |
Public Closed Alternative Investment Fund, which is founded as private limited company. Regulated by Estonian Financial Supervision Authority |
| Fund term |
Termless |
| Fund manager |
EfTEN Capital AS |
| Fund status |
Listed in Nasdaq Baltic Main list |
| Auditor |
AS PricewaterhouseCoopers |
| Fund size (share capital) |
Maximum 120 million euros |
| Investment focus |
Cash flow generating commercial properties in the Baltic States. |
| Financial leverage |
<65% |
| Share issue terms |
Share issues are decided at the fund’s General Meetings. |
| Entrance and exit fee |
Up to 2% to subscription organizer, Swedbank |
| Liquidity of shares |
The fund’s shares are listed on the Baltic Stock Exchange |
| Share buyback by fund |
No share buyback. |
| Hurdle rate |
10% annually. |
| Management fee |
2% from invested equity per year |
| Net asset value (NAV) |
Calculation of the net asset value of the Fund’s assets takes place on a monthly basis. The NAV value is made public at www.eften.ee website. |
| Dividend |
The dividend payment is decided by General Meeting and is up to 80% from free cash-flow (EBITDA minus interest payments minus loan principal payments) |
| Fund’s expected capital return |
15% annually |
| Depository |
Swedbank AS |
