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Provider: Reuters Investment Profile
Provider: Directors Deals Ltd.
Provider: Wright Reports
Provider: Wright Reports

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eQ Oyj Launches Non-Ucits Fund Investing in Finnish Care Properties

Wednesday, 12 Sep 2012 04:35am EDT 

eQ Oyj announced that eQ Asset Management Ltd, part of the Company, and Finnreit Fund Management Company Ltd have agreed that eQ Asset Management Ltd will subscribe 50% of Finnreit Fund Management Company Ltd shares in a share issue directed to eQ Asset Management Ltd. eQ Asset Management also holds an option to purchase the entire share capital of the company. As a result of this agreement, a new type of property fund, non-ucits fund eQ Care will be launched during the fall of 2012. The fund is a non-ucits fund and supervised by Finnish Financial Supervisory Authority. The fund distributes as a profit distribution at least 75% of its cash flow-based profit to the fund’s investors. Thus, profit received from the properties can be distributed directly to the investors tax neutrally. 

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17 Apr 2014