Truststone Real Estate SICAV (“the SICAV”) announces a change of partner for the off-exchange trading of its shares. With effect from today, 1 February 2024, Swiss Finance & Property AG (“SFP”) will replace Banque Cantonale Vaudoise (“BCV”) as trader for the shares of the Investor Compartment. The shares will be valued at NAV (net asset value).
With this change, the shares will be valued at NAV. This will reduce the volatility associated with low trading volumes. SFP will provide a contact point for investors and will keep an inventory of orders submitted to it. From 1 February 2024, prices for over-the-counter trading may only be obtained from SFP and the fund management company Solutions & Funds SA, by written request (info@solutionsandfunds.com).
The NAV of the SICAV rose by an average of 2.2% annually, from CHF 70.24 in October 2020 to CHF 74.93 in September 2023, after deducting the dividend of CHF 1.14 paid in June 2023. This increase is expected to continue as building permits are obtained for the various projects and the planned works are completed and delivered, which will be taken into account in the new appraisal revaluations.
The NAV calculated every six months and other financial ratios are published in the “Performance” section of the TrustStone website.
The next NAV and annual report will be available in June, based on the annual closing date of 31 March 2024. All annual reports are also available on the TrustStone website under ‘Documents’.