Brief: Arcona Property Fund Extends Loans

Arcona Property Fund NV

10/06/2020 07:14

June 10 (Reuters) - ARCONA PROPERTY FUND NV  ARCPF.AS :
    * ARCONA PROPERTY FUND N.V. EXTENDS LOANS AND PROVIDES
TRADING
UPDATE
    * FUND'S LOAN FROM DNB BANK POLSKA OF EUR 5.9 MILLION HAS
BEEN
EXTENDED UNTIL NOVEMBER 30, 2020
    * FUND HAS ALSO AGREED WITH RECE TO EXTEND SELLER LOAN OF
EUR 4.21
MILLION UNTIL DECEMBER 1, 2020 AT AN ANNUAL INTEREST RATE OF 12%
    * MOST SHOPS, OFFICES AND RESTAURANTS HAVE REOPENED IN CZECH
REPUBLIC, SLOVAKIA AND POLAND IN RECENT WEEKS
    * BY MID-MAY, 70% OF RENTAL INCOME DUE FOR MONTH OF APRIL
HAD BEEN
COLLECTED; THIS PERCENTAGE HAS NOW RISEN TO 75%
    * FOR MONTH OF MAY, 63% OF RENTAL INCOME DUE HAS BEEN
RECEIVED TO
DATE

Source text for Eikon:  ID:nNDL7qjGPB 
Further company coverage:  ARCPF.AS 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))