On 31 January 2023, SEB ImmoInvest will distribute EUR 0.15 per unit to investors. This corresponds to a total of around EUR 17.5 million. With the 21st distribution since the announcement of the dissolution of the fund, the amount paid out during the liquidation period totals EUR 5.03 billion, or around 84.2% of the fund assets at the time of the termination of the management mandate in May 2012.

As tax and warranty risks expired at the end of 2022, it was possible to reduce the necessary risk provisioning by releasing reserves – thus freeing up liquidity for the distribution to investors.

SEB ImmoInvest no longer holds any properties and therefore cannot generate any rental income. The fund currently still holds three companies that will remain in existence until all warranty obligations from the respective sales have expired. As risks decline over time and corresponding reserves can be released, further distributions to investors will be carried out. Since many risks expire at the end of a calendar year and are reassessed accordingly, distributions can probably only be made once a year in the future. Accordingly, the next distribution can probably be made at the beginning of 2024.

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 31 January 2023. The pay-out has a mathematical effect on the unit value of the fund in the value of the distributed amount.

We will continue to inform you about the further course of the fund liquidation at www.savillsim-publikumsfonds.de/en as well as with the annual liquidation reports.