CREDIT SUISSE GROUP AG 14.09.2022
Contact for media:
Media Relations Credit Suisse AG, +41 844 33 88 44, media.relations@credit-suisse.com
Contact for investors:
Ulrich Braun, Head of Product and Business Development, Credit Suisse Asset Management (Switzerland) Ltd., +41 44 332 58 08, ulrich.braun@credit-suisse.com
The capital increase for the Credit Suisse Real Estate Fund LogisticsPlus (security no. 24 563 395) was successfully concluded. The issue results in the maximum amount of CHF 108 million in new assets flowing into the fund.
The issue was carried out on a commission basis ("best-effort basis") from August 29 to September 9, 2022, within the framework of a public rights offering in Switzerland. Official subscription rights trading took place on the SIX Swiss Exchange from August 29 to September 7, 2022. With a subscription ratio of seven to one (seven subscription rights entitled the holder to subscribe to one new unit), 1,000,000 new units were issued at the issue price of CHF 108.00 net per unit. This is equivalent to a subscription rate of 100%. The maximum amount of CHF 108 million in new assets is flowing into the Credit Suisse Real Estate Fund LogisticsPlus. Payment of the new units subscribed will be effected on September 16, 2022. The number of units in circulation is now 8,000,000 and the fund's net assets now total CHF 844.8 million. The proceeds of the issue will be used to further expand and diversify the existing real estate portfolio.
CS REF LogisticsPlus is the first Swiss real estate fund to invest specifically in logistics and logistics-related real estate in Switzerland. Its investment objective mainly involves the long-term creation and preservation of asset value and the distribution of appropriate returns. The group of investors is not limited.
Further information
- All information regarding the issue of CS REF LogisticsPlus: credit-suisse.com/logisticsplus/issue
- Annual and semi-annual reports: credit-suisse.com/fundprices
- Global Real Estate: credit-suisse.com/ch/realestate
Credit Suisse Asset Management (Switzerland) Ltd.
Credit Suisse Asset Management (Switzerland) Ltd. forms part of the Asset Management division of Credit Suisse Group. Asset Management manages assets of over CHF 427.0 billion worldwide (as of June 30, 2022). Based on the global market presence of Credit Suisse Group, Asset Management offers active and passive solutions for traditional and alternative investments as well as dedicated product expertise in Switzerland, EMEA, APAC, and the Americas. Sustainability is a high priority. We offer a wide selection of active and passive investment funds that are aligned with the Credit Suisse Sustainable Investment Framework or replicate a sustainable index. With that in mind, we have different approaches where environmental, social, and governance criteria (ESG criteria) are used at various points in the investment process.
Disclaimer
This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not necessarily a guide to the future. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.
If nothing is indicated to the contrary, all figures are unaudited. The information provided herein is for the exclusive use of the recipient. Neither this information nor any copy thereof may be sent, taken into or distributed in the United States or to any U. S. person (within the meaning of Regulation S under the US Securities Act of 1933, as amended).
The tax treatment depends on the individual circumstances of each client and may vary over time. Credit Suisse does not provide tax advice, and tax implications have not been taken into consideration when calculating the returns.
The Credit Suisse Real Estate Fund LogisticsPlus is an investment fund established under Swiss law in the category of "real estate funds," in accordance with the Swiss Federal Act of June 23, 2006, on Collective Investment Schemes (CISA). The fund management company is Credit Suisse Funds AG, Zurich. Credit Suisse (Switzerland) Ltd., Zurich, is the custodian bank. Subscriptions are only valid on the basis of the current sales prospectus with integrated fund contract, simplified prospectus, and most recent annual report (or semi-annual report if more recent). The sales prospectus with integrated fund contract, the simplified prospectus, and the annual and semiannual reports may be obtained free of charge from the fund management company or from any branch of Credit Suisse (Switzerland) Ltd. in Switzerland.
The key risks of real estate investments include limited liquidity in the real estate market, changing mortgage interest rates, subjective valuation of real estate, inherent risks with respect to the construction of buildings, and environmental risks (e.g. land contamination).
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Credit Suisse Group AG published this content on 14 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 September 2022 05:19:02 UTC.
