Head of Communications
Tel: +49 (0)69 27299-1502
Tel: +49 (0)69 27299-1503
The first payout to take place as part of the dissolution of SEB ImmoInvest will be made on 29 June 2012. As previously announced, approximately 20 per cent of the Fund assets or EUR 10.25 per unit will be distributed to investors just a few weeks after notice of the dissolution was given. 94.02 per cent or EUR 9.6366 of this amount is income tax-free for units held as private assets.
The objective is to make the largest possible payout to investors while ensuring the orderly ongoing management of the property portfolio and taking into account the positions of the financing banks. Over the past few weeks, the Fund management has held in-depth discussions and negotiations so as to be able to make the highest possible initial distribution to investors in the current dissolution situation.
On 29 June, the unit price will decrease in line with the amount being distributed. Further payouts are planned at half-yearly intervals, with the amounts depending in each case on property sales. Distributions will automatically be credited to investors’ accounts at their respective account custodians. The next payout in December 2012 will probably be lower due to scheduled loan repayments.
Key data: SEB ImmoInvest distribution on 29 June 2012
Distribution on 29 June 2012 per unit: EUR 10.25
Total distribution: EUR 1.2 billion
Tax-free portion of distribution for private assets: EUR 9.6366 or 94.02 per cent
Basis of calculation for investment income tax: EUR 0.6134
Investment income tax (25 per cent) for units held as private assets: EUR 0.1534