Brief: Helvetia Expects HSC Fund To Make A Distribution For 2023 On A Par With Previous Year

Helvetia Baloise Holding AG

16/11/2023 05:33

Nov 16 (Reuters) - HELVETIA HOLDING AG  HELN.S :
    * HELVETICA EXPECTS HSC FUND TO MAKE A DISTRIBUTION FOR 2023
BUSINESS YEAR THAT IS ON A PAR WITH PREVIOUS YEAR, EVEN DESPITE
CHALLENGING MARKET ENVIRONMENT
    * 2023 DISTRIBUTION IS TO BE WITHIN RANGE OF CHF 5.00 TO CHF
5.35
PER UNIT, WHICH IS ON A PAR WITH LEVEL OF 2022 DISTRIBUTION
    * DEBT FINANCING RATIO IS TO BE REDUCED TO BELOW 28 PERCENT
BY END
OF 2023
    * ADJUSTMENTS WILL BE MADE TO FINANCING STRATEGY, WHICH
FORESEES
30 TO 50 PERCENT OF DEBT FINANCING WITH MEDIUM- TO LONG-TERM
MATURITIES
    * MERGER WITH HELVETICA SWISS OPPORTUNITY FUND (HSO FUND),
SLATED
TO TAKE PLACE BY END OF 2024 AT LATEST, IS INTENDED TO IMPROVE
LIQUIDITY AND RESULT IN POSITIVE SYNERGY EFFECTS FOR INVESTORS

Source text for Eikon:  ID:nEQvjLqja 
Further company coverage:  HELN.S 

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