Characteristics
| Alpha Fund Characteristics | |
|---|---|
|
Type
|
Closed-end real estate fund with public contribution |
| Contribution date | 01 March 2001 |
| Initial equity | € 259,687,50 |
| Number of units | 103,875 |
| Recipients | Retail clients and qualified investors |
| Placement | From 12 to 28 June 2002 |
| Global Coordinator | MCC |
| Sponsor | Meliorbanca and Banca Finnat Euramerica |
| Placement price | € 2,600 |
| Depository Bank | State Street Bank S.p.A. |
| Listing | Listed on Borsa Italiana’s Telematic Funds Market (MTF) Class 2 Closed-End Fund Segment |
| Specialist | Intermonte SIM SpA |
| Trading code | QFAL |
| ISIN Code | IT0003049605 |
| Minimum amount | One unit |
| Asset management company | IDeA FIMIT sgr |
| Independent expert assessors | Scenari Immobiliari srl |
| 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 | 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.. |
| Management commissions | 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 9.1.1.2. |
| 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% |
| Tax treatment | 20% of the returns and capital gains paid |
| Duration | The expiry is set, except for cases of early payment and extension described at paragraph 2.2 of the regulations, for 27 June 2015 |
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