{"id":647,"date":"2015-11-05T10:15:51","date_gmt":"2015-11-05T08:15:51","guid":{"rendered":"http:\/\/www.eften.ee\/en\/?page_id=647"},"modified":"2021-12-20T11:52:50","modified_gmt":"2021-12-20T09:52:50","slug":"main-terms","status":"publish","type":"page","link":"https:\/\/eften.ee\/en\/funds\/eften-kinnisvarafond-ii\/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
Fund name<\/td>\nEfTEN Kinnisvarafond II AS<\/td>\n<\/tr>\n
Fund type<\/td>\nClosed end investment fund founded as a public limited company. Regulated by Estonian Financial Supervision Authority. The fund is founded under AIFMD directive<\/td>\n<\/tr>\n
Fund term<\/td>\n10 years from the date of registration (5 years investment period; 5 years holding and exiting). General meeting can prolong the fund term twice by one year<\/td>\n<\/tr>\n
Management Company<\/td>\nEfTEN Capital AS<\/td>\n<\/tr>\n
Fund status<\/td>\nInvestment period has ended; holding phase<\/td>\n<\/tr>\n
Auditor<\/td>\nAS PricewaterhouseCoopers<\/td>\n<\/tr>\n
Fund volume (share capital)<\/td>\nUp to 100 million euros<\/td>\n<\/tr>\n
Calculation of the net asset value (NAV) and its frequency<\/td>\nCalculation of the net asset value of the fund\u2019s assets takes place on a monthly basis, according to the fund\u2019s articles of association and to the procedure for calculating the value of the fund and the assets of the fund approved by the management company<\/td>\n<\/tr>\n
Investment focus by sector<\/td>\nCash flow generating commercial and mixed-purpose properties. Preferred sites are retail, production, storage, hotel and office spaces with a single lessee, located in premium locations in different cities and towns across the Baltics<\/td>\n<\/tr>\n
Geographical focus of investments<\/td>\nEstonia, Latvia and Lithuania<\/td>\n<\/tr>\n
Leverage<\/td>\nBank loan up to 60%, optimal 50 %<\/td>\n<\/tr>\n
Management fee<\/td>\nThe main fee is 1% of the fund\u2019s equity per year. The main fee is paid monthly.
\nThe amount of the success fee is 20% , annual hurdle rate is 7%<\/td>\n<\/tr>\n
Dividend<\/td>\nTo be approved by annual general meeting<\/td>\n<\/tr>\n
Redemption of shares<\/td>\nNone<\/td>\n<\/tr>\n
Liquidity of shares<\/td>\nThe fund\u2019s shares are not publicly traded on the securities market. Investments should be regarded as long-term investments. The fund\u2019s shares are freely transferable<\/td>\n<\/tr>\n
The Fund\u2019s expected return on equity<\/td>\nMore than 9% per year<\/td>\n<\/tr>\n
Depositary<\/td>\nSwedbank<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Fund name EfTEN Kinnisvarafond II AS Fund type Closed end investment fund founded as a public limited company. Regulated by Estonian Financial Supervision Authority. The fund is founded under AIFMD directive Fund term 10 years from the date of registration (5 years investment period; 5 years holding and exiting). General meeting can prolong the fund […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":645,"menu_order":58,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-647","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-kinnisvarafond-ii\/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 Kinnisvarafond II AS Fund type Closed end investment fund founded as a public limited company. Regulated by Estonian Financial Supervision Authority. 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