Credit Suisse aims to list its real estate funds on the stock exchange

Zurich - The CS real estate fund 1a Immo PK is to be listed on the Swiss stock exchange. The conversion of the fund into a listed real estate fund should take place in the second quarter of 2022.

In the past few months, the fund management company has checked whether the over-the-counter (OTC) trading of the fund continues to meet customer needs, the big bank announced on Wednesday evening. The conversion into a NAV-based real estate fund and the maintenance of the status quo were also considered.

According to the semi-annual report published at the end of May, the fund's rental income rose by 2.7 percent and net income by 4.6 percent as of March 31, 2021. The dividend rate will be set at less than 100 percent in this financial year. In the previous year, the rate was 118.2 percent.

 


Credit Suisse, CS
 
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News source: https://www.awp.ch