TIDMEEP
RNS Number : 3582B
Eastern European Property Fund Ltd
26 October 2009
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Eastern European Property Fund Limited ("the Company")
Investing Policy
Eastern European Property Fund Limited announces its investing policy pursuant
to Rule 8 of the AIM Rules for Companies.
Investing Policy
Investment Objective
Eastern European Property Fund Limited ("the Company") and its subsidiaries'
(together, the "Group") investment objective is to provide Shareholders with a
high level of income and potential for significant capital growth by investing
in property in the major urban centres of Turkey, Romania and Bulgaria (the
"Target Countries").
Investment Strategy
The Group invests in a range of office, retail, industrial and residential
properties in the Target Countries. The initial focus has been on office and
retail property. The Group primarily invests in income-producing properties in
or around major urban centres in the Target Countries.
The Group has no investment restrictions in terms of levels of investment in
different property classes or by country. The Group's primary policy,
however, is to provide the equity financing to purchase existing or newly built
properties and, through the Investment Adviser, actively manage the leasing of
its property investments.
The Group may also invest in the construction and development or refurbishment
of properties, either wholly owned by the Group or in conjunction with other
investors.
No single investment, at the time of its acquisition, will represent more than
20% of the Group's gross asset value, although there is no guarantee that this
will always be the case.
Borrowings
The Group may, either directly or through its subsidiary property-holding
companies, borrow amounts of up to 70% of any single investment's purchase price
such that for the Group, as a whole, only up to 60% of the aggregate value of
all investments may be financed from third party debt financing.
Enquiries:
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| Elysium Fund Management Limited | Azhic Basirov / Siobhan Sergeant |
| No 1 Le Truchot | Smith & Williamson Corporate |
| St Peter Port | Finance Ltd |
| Guernsey GY1 3JX | Tel: +44 207 131 4000 |
| | |
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| www.elysiumfundman.com | |
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| www.eepfl.com | |
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26 October 2009
This information is provided by RNS
The company news service from the London Stock Exchange
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