On 1 April 2021, EUR 2.15 per unit will be paid out to investors. This corresponds to an aggregate amount of roughly EUR 0.6 million.
Since the beginning of the fund liquidation on 5 December 2013 the amount paid out to investors amounts to approximately EUR 152.5 million. This corresponds to around 58.7% of the Fund assets as of 5 December 2013, the date when the management mandate was terminated.
Until the Fund is completely dissolved, sufficient liquidity reserves must be retained in order to meet all obligations. Retaining liquidity reserves allows the Custodian Bank to provide for potential future claims from tax authorities as well as granted warranties and guarantee claims. As risks decline over time, further distributions will be carried out, whereby the Custodian Bank decides about the timing and amount of these.
The custodian requires time to process the payout, resulting in the amount being credited several bank working days after 1 April 2021. The distribution will affect the Fund’s unit value.
We will continue to keep you informed about the further course of the liquidation of the SEB Global Property Fund on the Internet at savillsim-publikumsfonds.de and in the annual liquidation reports.