EfTEN United Property Fund Announces Cash Distribution to Investors
EfTEN United Property Fund Declares Cash Distribution
EfTEN Capital AS, managing the EfTEN United Property Fund (Tallinn: EFCUPFFT), has decided to distribute 57 euro cents per unit to its investors. This marks a significant cash distribution from the fund and represents 7% of the fund's most recent closing price.
Understanding the Distribution
This cash distribution is noteworthy as it is the first for the EfTEN United Property Fund in 2025. Since its listing on the Nasdaq Tallinn stock market back in May 2022, the fund has cumulatively distributed 1.23 euros per unit, showing consistent returns for its investors.
Sources of the Distribution
The distribution amount is derived from the earnings of the fund's four subsidiary funds: EfTEN Real Estate Fund AS, EfTEN Kinnisvarafond II AS, EfTEN Residential Fund, and EfTEN Real Estate Fund 5. Additionally, contributions from the Invego Uus-Järveküla OÜ development project have played a role in this financial decision.
Key Dates for Investors
The list of unitholders eligible for this distribution will be established at the close of business on the settlement system of the securities registry on May 20, 2025. Investors should note that the ex-date, which affects the rights related to the fund units, is set for May 19, 2025. If you acquire the fund's units after this date, you will not be eligible for the current distribution.
How the Distribution Will Be Implemented
Unitholders can expect the distribution to be processed via cash transfer to their respective bank accounts on May 29, 2025. As per legal regulations, this distribution is subject to taxation.
Contact Information
For further inquiries, you can reach Kristjan Tamla, Managing Director, at phone number 655 9515 or through email at kristjan.tamla@eften.ee.
Frequently Asked Questions
What is the amount being distributed to unitholders?
The fund is distributing 57 euro cents per unit to its unitholders.
When will the distribution take place?
The distribution will occur on May 29, 2025.
What is the significance of the ex-date?
The ex-date is May 19, 2025. If you acquire units after this date, you won't be eligible for this distribution.
What are the underlying assets of the fund?
The fund is based on earnings from various underlying funds, including real estate and residential ventures.
How can I contact the fund's management?
Kristjan Tamla can be reached at phone number 655 9515 or via email at kristjan.tamla@eften.ee.
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