POLIS FUND
The Polis Fund was the first Polis Fondi SGR product to be launched and presented to the market. The placement of the Fund’s shares took place between February 14 and May 20, 2000 and was established on June 18, 2000.
The trading of the shares began on April 19, 2001, in the MTF segment of the Electronic Stock Market (MTA) on the Milan Stock Exchange.
The Polis Fund is a form of investment intended for retail customers and qualified investors, and is typically aimed at:
– private individuals, companies and institutional investors
– investors with low risk tolerance
– savers with medium-long term performance expectations
– investors seeking to diversify their portfolio accordingly by focusing on the real estate market
Today, shareholding in the Fund is made possible by purchasing the shares on the market of Borsa Italiana S.p.A. – MTF segment. The purchase/sale order of the shares may be issued through one’s own trusted bank or credit institution.
PRODUCT FEATURES
TYPE OF FUND
Closed-end real estate investment fundINIZIAL CAPITAL
258 million EurosNUMBER OF SHARES
129.000LIFE OF THE FUND: 12 YEARS
The Board of Directors of the Fund Management Company (SGR):– resolved on 28 December 2011 to extend the initial duration of the Fund by 3 years, until 31 December 2015;
– approved the liquidation of the Fund on 23 September 2015 – due to the expiry of the term – starting from 31 December 2015, as well as the extension of the duration of the Fund for a period of 3 years (until 31 December 2018) to allow for the complete liquidation of the investments in the portfolio (“Grace period”), availing itself of the option provided for by art. 2 of the Fund Management Regulations;
– resolved on 25 October 2018 to resort to the “extraordinary extension” of the duration of the Fund for a period not exceeding 2 years (availing itself of the option provided for by Article 2-bis of the Management Regulations).
