Brief: DIC Asset Says First VIB Special Fund Launched With Volume Of Eur 350 Mln

BRANICKS AG

22/12/2022 06:34

Dec 22 (Reuters) - DIC ASSET AG  DICn.DE :
    * DIC ASSET AG: FIRST VIB SPECIAL FUND SUCCESSFULLY LAUNCHED
WITH
A VOLUME OF C. EUR 350 MILLION
    * STRONG SIGNAL EFFECT AT START OF 2023
    * REDUCTION OF PRO-FORMA LTV BY ABOUT 3.8 PERCENTAGE POINTS
TO
AROUND 53.1%
    * FUND'S ENTIRE EQUITY CAPITAL OF C. EUR 202 MILLION HAS
BEEN
SUBSCRIBED AS OF TODAY.
    * AS A RESULT OF OVERALL TRANSACTION, C. EUR 18 MILLION IN
ANNUALISED NET RENTAL INCOME WILL BE DERECOGNISED FROM
(CONSOLIDATED) INCOME STATEMENT OF DIC BEFORE MINORITY INTERESTS
    * THIS SUM WILL BE OFFSET BY AN ANTICIPATED TOTAL INCOME IN
AMOUNT
OF C. EUR 26.6 MILLION

Further company coverage:  DICn.DE 
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