{"id":643,"date":"2015-11-05T10:14:25","date_gmt":"2015-11-05T08:14:25","guid":{"rendered":"http:\/\/www.eften.ee\/en\/?page_id=643"},"modified":"2023-03-01T11:22:44","modified_gmt":"2023-03-01T09:22:44","slug":"main-terms","status":"publish","type":"page","link":"https:\/\/eften.ee\/en\/funds\/eften-real-estate-fund\/main-terms\/","title":{"rendered":"Fund main terms"},"content":{"rendered":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Fund name<\/td>\nEfTEN Real Estate Fund AS<\/td>\n<\/tr>\n
Fund type<\/td>\nPublic Closed Alternative Investment Fund, which is founded as private limited company. Regulated by Estonian Financial Supervision Authority<\/td>\n<\/tr>\n
Fund term<\/td>\nTermless<\/td>\n<\/tr>\n
Fund manager<\/td>\nEfTEN Capital AS<\/td>\n<\/tr>\n
Fund status<\/td>\nListed in Nasdaq Baltic Main list<\/td>\n<\/tr>\n
Auditor<\/td>\nAS PricewaterhouseCoopers<\/td>\n<\/tr>\n
Fund size (share capital)<\/td>\nMaximum 120 million euros<\/td>\n<\/tr>\n
Investment focus<\/td>\nCash flow generating commercial properties in the Baltic States.<\/td>\n<\/tr>\n
Financial leverage<\/td>\n<65%<\/td>\n<\/tr>\n
Share issue terms<\/td>\nShare issues are decided at the fund\u2019s General Meetings.<\/td>\n<\/tr>\n
Entrance and exit fee<\/td>\nUp to 2% to subscription organizer, Swedbank<\/td>\n<\/tr>\n
Liquidity of shares<\/td>\nThe fund\u2019s shares are listed on the Baltic Stock Exchange<\/td>\n<\/tr>\n
Share buyback by fund<\/td>\nNo share buyback.<\/td>\n<\/tr>\n
Hurdle rate<\/td>\n10% annually.<\/td>\n<\/tr>\n
Management fee<\/td>\n2% from invested equity per year<\/td>\n<\/tr>\n
Net asset value (NAV)<\/td>\nCalculation of the net asset value of the Fund\u2019s assets takes place on a monthly basis. The NAV value is made public at www.eften.ee<\/a>\u00a0website.<\/td>\n<\/tr>\n
Dividend<\/td>\nThe dividend payment is decided by General Meeting and is up to 80% from free cash-flow (EBITDA minus interest payments minus loan principal payments)<\/td>\n<\/tr>\n
Fund\u2019s expected capital return<\/td>\n15% annually<\/td>\n<\/tr>\n
Depository<\/td>\nSwedbank AS<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":639,"menu_order":59,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-643","page","type-page","status-publish","hentry"],"yoast_head":"\nFund main terms — EfTEN Capital<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eften.ee\/en\/funds\/eften-real-estate-fund\/main-terms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fund main terms — EfTEN Capital\" \/>\n<meta property=\"og:description\" content=\"Fund name EfTEN Real Estate Fund AS Fund type Public Closed Alternative Investment Fund, which is founded as private limited company. 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