15 December 2020

Swiss Life REF (CH) Swiss Properties: Successful capital increase

The capital increase of the Swiss Life REF (CH) Swiss Properties real estate fund has been successfully concluded. The issue raised the maximum amount of around CHF 500 million.

The capital increase conducted from 30 November to 11 December 2020 for Swiss Life REF (CH) Swiss Properties attracted a lot of interest from investors. Overall, the issuing volume amounted to some CHF 500 million, or a subscription rate of 100%. This is one of the largest capital increases ever made by a listed real estate fund in Switzerland.

The issue took place on commission ("best effort basis") as part of a subscription offer in Switzerland. Subscription rights were traded during the subscription period. With a subscription ratio of two (2) to one (1) (two subscription rights equate to the purchase of one new unit), the maximum number of 4 500 000 units was distributed for an issue price of CHF 111.20 per unit. Payment for the new units will be made on 17 December 2020. As of this date, 13 500 000 units with net assets of CHF 1460 million will be in circulation.

The new capital financed the acquisition of a portfolio with 46 properties and a volume of around CHF 512 million. The fund now has 138 properties with a market value of around CHF 1952 million, making it one of the ten largest real estate funds in the listed sector. The fund is strengthening its previous investment strategy and continues to invest in high-quality properties. The focus is on high-quality residential properties and economically strong regions. Investors benefit from broad diversification in terms of locations, uses and tenants, as well as a high level of tenant income security.

Responsible investing

Further information on the fund is available at the following link.



Fund information

Information

Media Relations

Phone +41 43 284 77 77

media.relations@swisslife.ch

Investor Relations
Phone +41 43 284 52 76
investor.relations@swisslife.ch

www.swisslife-am.com

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Swiss Life Asset Managers
Swiss Life Asset Managers has more than 160 years of experience in managing the assets of the Swiss Life Group. This insurance background has exerted a key influence on the investment philosophy of Swiss Life Asset Managers, which is governed by such principles as value preservation, the generation of consistent and sustainable performance and a responsible approach to risks. That's how we lay the groundwork for our clients to make solid, long-term plans - in self-determination and with financial confidence. Swiss Life Asset Managers offers this proven approach to third-party clients in Switzerland, France, Germany, Luxembourg
and the UK.

As at 30 June 2020 assets under management for third-party clients amount to CHF 82.9 billion. Together with insurance mandates for the Swiss Life Group, total assets under management at Swiss Life Asset Managers stood at CHF 260.0 billion. Swiss Life Asset Managers is a leading real estate manager in Europe¹. Of the assets totaling CHF 256.0 billion, CHF 71.4 billion is invested in real estate. In addition, Swiss Life Asset Managers has real estate under administration of CHF 28.3 billion through its subsidiaries Livit and Corpus Sireo. Total real estate under management and administration at the end of June 2020 thus came to CHF 99.7 billion.

Swiss Life Asset Managers employs more than 2200 people in Europe.

¹ INREV Fund Manager Survey 2020 (AuM as of 31.12.2019)


Disclaimer
This document has been produced with the greatest possible care and to the best of our knowledge and belief. However, we do not accept any liability for losses resulting from the use of this information. This publication is not intended as a solicitation or recommendation to buy or sell investment instruments, but only serves to provide information. The source of all data and diagrams (unless stated otherwise) is Swiss Life Asset Management Ltd.
Comprehensive information on the fund can be found in the documents forming the legal basis for any investment. These may be ordered free of charge in electronic or printed form from the fund management company, Swiss Life Asset Management Ltd, General-Guisan-Quai 40, 8002 Zurich