Press releases

Arcona Property Fund N.V. lists on Prague Stock Exchange

31 October 2018

Arcona Property Fund N.V. becomes first to list shares on UCITS and AIF sub-segment

Arcona Property Fund N.V. will list its common shares today on the Collective Investment Securities market, a regulated market of the Prague Stock Exchange (Burza cenných papírů Praha, the “PSE”), becoming the first to issue on that market’s UCITS and AIF sub-segment, which is designed for shares in funds that are available to retail investors as well as qualified investors.

As the very first fund with its shares listed on this sub-segment of the market, Arcona regards this as a pioneering transaction that could set a precedent for similar companies wishing to boost their visibility and liquidity via the PSE. It is also the first time that an issuer has its shares listed on both the Amsterdam and Prague stock markets.

“This is an innovative first-mover transaction,” says Guy Barker, Managing Director of Arcona Capital Fund Management B.V. (the manager of the fund). “It will immediately allow our current investors to trade Arcona Property Fund shares in both Prague and Amsterdam, increasing the liquidity of the shares and increasing our options for the raising of capital for future expansion. In due course, subject to regulatory approval, retail investors will also be able to trade the shares in Prague, providing an interesting alternative to access the regional property market. The fund offers an attractive combination of liquidity and dividend within a strong regulatory framework”.

Launched in 2003 and listed on Euronext Amsterdam, Arcona Property Fund N.V. provides access to the property markets of the vibrant economies of Central Europe. Focusing on high-yielding regional office and retail investments, the diversified portfolio currently holds 4 assets in the Czech Republic, 8 in Slovakia and 12 in Poland, with a total volume of approximately €96.8 million. The Fund plans an expansion to €500 million within 3 years. 

 
PRESS RELEASE ENDS 

Arcona Property Fund N.V. invests in commercial property in Central Europe. Common shares in the fund (ISIN-code NL0006311706) are tradeable daily via Euronext Amsterdam as well as via the PSE as a closed-end investment fund.

In connection with the first admission to the listing and trading of the common shares in the share capital of Arcona Property Fund N.V. on the PSE, a summary (the “Summary”) for the purpose of Article 4, section 2 (h) of Directive 2003/71/EC of the European Parliament and of the Council, including amendments thereto, as implemented in the laws of the Czech Republic is published on the website of Arcona Property Fund N.V.. Copies of the Summary are furthermore available free of charge at the office of Arcona Capital Fund Management B.V. at the address mentioned below.

 

Arcona Property Fund N.V. lists on Prague Stock Exchange
31 October 2018
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The dividend policy for Arcona Property Fund is to pay at least 35% of the annual direct result as a dividend. The target is, within a three to five year time frame from end 2016, to increase annual dividend payments to a level of 8% of the prevailing share price.

Arcona Property Fund counts the following substantial companies amongst its tenants: