Net asset value of the EfTEN United Property Fund as of 31.05.2024
June 28 2024 - 1:15AM
Net asset value of the EfTEN United Property Fund as of 31.05.2024
In May the EfTEN United Property Fund
distributed almost 260 thousand euros to unit owners. As a result,
the net asset value (NAV) of the fund unit fell by 0.9% to EUR
10.61 in May. Excluding the cash distribution, EfTEN United
Property Fund NAV would have increased by 0.1%. If the fund's
investment in the EfTEN Real Estate Fund AS shares is reflected on
the basis of its net value, the NAV of the EfTEN United Property
Fund unit would be 10.70 euros.
In June, the fund made the first investment of
24 thousand euros in EfTEN Capital AS's new fund EfTEN Special
Opportunities Fund aimed at institutional investors. This fund
invests in various real estate projects that require additional
financing to complete. The first investment, with a term of 50
months, co-financed the purchase of an office building in Vilnius.
In total, EfTEN United Property Fund will invest up to 300 thousand
euros in the new fund.
A more detailed overview of EfTEN United
Property Fund's portfolio can be found on the fund's website:
https://eftenunitedpropertyfund.ee/en/fund-results-2/
Kristjan TamlaManaging DirectorPhone 655
9515E-mail: kristjan.tamla@eften.ee