Net asset value of the EfTEN United Property Fund as of 31.03.2024
April 29 2024 - 1:15AM
Net asset value of the EfTEN United Property Fund as of 31.03.2024
The net asset value (NAV) of EfTEN United
Property Fund unit was 10.62 euros at the end of March, decreasing
by 0.1% over the month. The decrease in NAV was related to the
investment in the shares of the listed fund EfTEN Real Estate Fund
AS, which closed by 1,3% down on the Tallinn stock market in March.
In April, the share price of EfTEN Real Estate Fund AS has
increased by 3,9%. If the fund's investment in the EfTEN Real
Estate Fund AS shares is reflected on the basis of net value, the
NAV of EfTEN United Property Fund would be 10.72 euros, increasing
by 0,2% in March.
At the end of March and in April, the fund
received dividends from investments in the shares of EfTEN Real
Estate Fund AS and EfTEN Kinnisvarafond II AS as well as the
distribution from EfTEN Residential Fund. EfTEN United Property
Fund will distribute these proceeds to clients in May. The proceeds
of interest income from investments in the EfTEN Real Estate Fund 5
and the Menulio 7 office building in Vilnius as well as proceeds
from share capital reduction of EfTEN Kinnisvarafond II AS is
planned for the second half of the year. EfTEN United Property Fund
will distribute these proceeds in autumn. Details of each
distribution will be published in a separate stock market
release.
A more detailed overview of EfTEN United
Property Fund's portfolio can be found on the fund's website:
https://eftenunitedpropertyfund.ee/en/fund-results-2/
Kristjan TamlaManaging DirectorPhone 655
9515E-mail: kristjan.tamla@eften.ee