On 1 July 2021, SEB ImmoInvest will distribute EUR 0.15 per unit to investors as part of the regular semi-annually distributions. This corresponds to a total of around EUR 17.5 million. With the 19th distribution since the announcement of the dissolution of the fund, the amount paid out during the liquidation period totals EUR 4.95 billion, or around 82.9 % of the fund assets, upon termination of the management mandate in May 2012.
The liquidity for the distribution comes from the latest transactions and from a release of available liquidity. Over time, the risk from the numerous past sales decreases, tax claims expire, and property companies can be dissolved. This liquidity is then distributed to the investors. SEB ImmoInvest no longer holds any properties. The fund currently still holds four companies that will remain in existence until all warranty obligations from the respective sales have expired. The property company Diemen IV GmbH in Frankfurt Main was liquidated at the end of April 2021.
The respective investor’s custodian will need time to process the pay-out so that the distributed amount will not be credited until a few bank working days after 1 July 2021. The pay-out has a mathematical effect on the unit value of the fund in the value of the distributed amount.