On 1 April 2021, EUR 2.45 per unit will be paid out to investors. This corresponds to an aggregate amount of roughly EUR 15.8 million. Since the beginning of the fund liquidation on 5 June 2014 the amount paid out to investors amounts to approximately EUR 594 million. This corresponds to around 76% of the Fund assets as of 5 June 2014, 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. The subsequent tax audits are subject to the tax laws of the respective countries or national regulations and vary greatly in terms of the processing time. As soon as risks are further reduced and corresponding reserves can be released, further payments will be made to investors.
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 SEB ImmoPortfolio Target Return Fund on our website at savillsim-publikumsfonds.de and in the annual liquidation reports.