Alpha Fund Characteristics
Closed-end real estate fund with public contribution
01 March 2001
Number of units
Retail clients and qualified investors
From 12 to 28 June 2002
Meliorbanca and Banca Finnat Euramerica
State Street Bank International GmbH Succursale Italia
Listed on Borsa Italiana’s Telematic Funds Market (MTF) Class 2 Closed-End Fund Segment
Intermonte SIM SpA
Asset management company
Dea Capital Real Estate SGR
Independent expert assessors
Avalon Real Estate S.p.A
Asset allocation target
Real estate assets and rights in rem in immovable property largely for tertiary sector use, both offices and commercial spaces, located at least 75% in Italy or the European Union
Returns from management of the Fund are distributed for at least 80%, unless otherwise justified and determined by the Board of the SGR. Revenues generated and not distributed in previous years may be used to generate income to be distributed in subsequent years.
Fixed annual commission of 1.6% of the net overall value of the fund. Annual overperformance commission as established by the fund regulations at point 220.127.116.11.
Minimum return target above which the final variable commission will be paid to the SGR
Change (in the year prior to the complete disposal of the fund’s net assets) in the gross capitalisation index of the treasury bonds recorded by MTS S.p.A. plus 0.75%
20% of the returns and capital gains paid
The expiry is set for 27 June 2030.
The SGR conserves the right to adopt the liquidation of the Fund prior than its expiry date (“Liquidazione Anticipata”), if this is in the interest of the unitholders.