REG-Starwood European Real Estate Finance Ltd SWEF: Eighth Capital Distribution

Starwood European Real Estate FinanceAnnouncement

Today 07:02

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   Starwood European Real Estate Finance Ltd (SWEF)
   SWEF: Eighth Capital Distribution

   18-Sep-2025 / 07:01 GMT/BST

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                 Starwood European Real Estate Finance Limited

                           (the “Company” or “SEREF”)

                                        

                  Eighth Capital Distribution of £65.0 Million

    

   The Board of Starwood European Real  Estate Finance Limited is pleased  to
   announce the  Company’s  eighth  capital distribution  of  £65.0  million,
   funded by  the repayment  in full  of the  Hotel, North  Berwick and  Life
   Science, UK  loans received  in  August 2025 and  the cancelation  of  the
   unfunded cash commitments during the six months to 30 June 2025.

    

   Eighth Capital Distribution

    

   The Board has  decided to  make an eighth  capital distribution  totalling
   c. £65.0 million (after  expenses) to  SEREF  shareholders  by  way  of  a
   compulsory partial redemption of  shares at a  price of £0.9575 per  share
   (being the last published NAV per  share prior to this announcement)  (the
   “Compulsory Redemption”). The amount applied to the Compulsory  Redemption
   is after the  deduction of  costs and expenses  which are  expected to  be
   circa £10,000.

    

   Shareholder Information

    

   The Compulsory Redemption  will be effected  pro rata to  holdings on  the
   share register  as at  the  close of  business on  22 September 2025  (the
   "Redemption Date"), being the record  date for the Compulsory  Redemption.
   Circa 45.9 per cent of the Company’s issued share capital will be redeemed
   on the  Redemption  Date (the  “Redemption  Ratio”). Fractions  of  shares
   produced by the Redemption  Ratio will not be  redeemed, so the number  of
   shares to be compulsorily redeemed  from each shareholder will be  rounded
   down to the nearest whole number of shares.

    

   Payments of redemption monies are  expected to be effected either  through
   CREST (in the case of shares held in uncertificated form) or by cheque (in
   the case of  shares held in  certificated form) by  29 September 2025. Any
   certificates  currently  in  circulation  will  be  superseded  by  a  new
   certificate which  will be  distributed  to certificated  shareholders  by
   29 September 2025.

    

   The Company currently has 148,039,803 shares  in issue. All of the  shares
   redeemed on the  Redemption Date  will be cancelled  and accordingly  will
   thereafter be  incapable of  transfer by  shareholders or  reissue by  the
   Company.

    

   The shares  will be  disabled in  CREST  after close  of business  on  the
   Redemption Date  and the  existing ISIN  number, GG00BTZJM644,  (the  "Old
   ISIN") will expire. The new ISIN number, GG00BT8PBR31, (the "New ISIN") in
   respect of the remaining shares which have not been compulsorily  redeemed
   will  be  enabled  and  available  for  transactions  from  8.00  a.m.  on
   23 September 2025,  which  is   also  the  Ex-date   for  the   Compulsory
   Redemption. The share price TIDM, “SWEF.L”, will remain unchanged. For the
   period up to  and including  the Redemption  Date, shares  will be  traded
   under the Old  ISIN and as  such, a purchaser  of such shares  may have  a
   market claim for  a proportion  of the redemption  proceeds following  the
   activation of the  New ISIN.  CREST will automatically  transfer any  open
   transactions as at the Redemption Date to the New ISIN.

    

   John Whittle, Chairman of the Company commented:

   “We are pleased to be able to  return in a timely fashion to  shareholders
   the capital  received in  August from  the full  repayment of  two of  the
   Company’s remaining loan  investments, in addition  to the funds  released
   through the cancellation of the  unfunded cash commitments during the  six
   months to 30 June 2025. This  £65 million redemption will bring the  total
   capital returned to shareholders  to £321 million,  which equates to  77.6
   per cent of the  NAV as at  31 January 2023.  There  now remain just  four
   loan investments in the  portfolio. We look  forward to providing  further
   updates on these remaining positions in due course.”

    

   For further information, please contact:

    

   Apex Fund and Corporate Services (Guernsey) Limited as Company Secretary

    

   Duke Le Prevost

   T: +44 (0) 203 5303 660

   E:  1 starwood@apexgroup.com

    

   Notes: 

   Starwood European  Real Estate  Finance Limited is  an investment  company
   listed on the main market of the London Stock Exchange with an  investment
   objective  to  conduct  an  orderly  realisation  of  the  assets  of  the
   Company.  2 www.starwoodeuropeanfinance.com

    

   The Group's  assets  are  managed by Starwood  European  Finance  Partners
   Limited, an indirect wholly-owned subsidiary of Starwood Capital Group.

    

    

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   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GG00BTZJM644
   Category Code:  MSCU
   TIDM:           SWEF
   LEI Code:       5493004YMVUQ9Z7JGZ50
   OAM Categories: 2.5. Total number of voting rights and capital
                   3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   402227
   EQS News ID:    2199220


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:starwood@apexgroup.com
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=27e2a13e1c60d1ed54a852446a61d90a&application_id=2199220&site_id=refinitiv~~~456f380e-074c-434c-ab61-d8ca972fa0de&application_name=news


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