Relating to the proposal of INVL Baltic Actual Property to

Funding Committee of INVL Baltic Actual Property (hereinafter – “the Firm“) appearing on behalf of INVL Asset Administration, the Administration Firm of INVL Baltic Actual Property (hereinafter- “the Administration Firm”), informs that throughout the upcoming Firm‘s Common Shareholders Assembly, to be held on 18 April 2023, it’s proposed to the shareholders of the Firm to allocate a dividend of EUR 0.09 per share for the yr 2022 (the full quantity for dividends allocation would quantity to EUR 0.725 million).

Moreover, on 18 April 2023, the Common Assembly of Shareholders of the Firm is proposed to approve the principle phrases and situations underneath which the repurchase of the Firm’s personal shares shall be carried out.

Extra info:

The true property funding firm INVL Baltic Actual Property plans to pay out dividends of EUR 0.725 million for 2022, an allocation of EUR 0.09 per share. The cost of dividends and different issues shall be voted on on the annual common assembly of the corporate’s shareholders on 18 April.

“The corporate’s good efficiency and the rising worth of its properties make it attainable to share features with traders. Like yearly, we’re following the corporate’s dividend coverage of paying out no less than EUR 0.09 per share,” says Vytautas Bakšinskas, the actual property fund supervisor at INVL Asset Administration, which manages INVL Baltic Actual Property.

Final yr INVL Baltic Actual Property had a consolidated internet revenue of EUR 4.2 million, or 24% greater than in 2021. Its consolidated income grew 25% within the yr to EUR 3.4 million. The worth of the corporate’s funding property holdings grew 23% throughout 2022 and totaled EUR 36.4 million on the finish of December.

Dividends shall be paid out inside a month after the choice is adopted. Individuals may have a proper to obtain the dividends who’re shareholders of INVL Baltic Actual Property on the finish of enterprise on 3 Might this yr. Based mostly on the share worth on 23 March 2023, the dividend yield quantities to 4.1%.

The shareholders assembly on 18 April will vote on approving the corporate’s monetary statements and revenue distribution for 2022 in addition to on fixing a process for own-share acquisitions and different issues.

If wanted, INVL Baltic Actual Property would use a reserve of EUR 2.5 million to purchase again its personal shares, setting a time restrict for any buybacks of 18 months from the date of the shareholders’ resolution. The utmost buy worth per share can be INVL Baltic Actual Property’s final revealed internet asset worth per share, whereas the minimal buy worth can be EUR 1.45.

About INVL Baltic Actual Property

INVL Baltic Actual Property owns actual property in Vilnius and Riga: workplace buildings within the Previous City of the Lithuanian capital on Vilniaus Road and in Šiaurės Miestelis, and the 55-ha Dommo Logistics and Industrial Park by the juncture of freeway A8 and the A5 Riga bypass street. The corporate’s properties had occupancies of 98% to 100% on the finish of December 2022.

INVL Baltic Actual Property presently owns properties with a complete space of 28,000 sq. m. and a price of EUR 36.4 million.

Since its launch as a collective funding enterprise (on 22 December 2016), INVL Baltic Actual Property has been one of many Baltic actual property funds open to retail traders with the very best steady returns. The fund operates as a closed-end funding firm. The corporate is managed by INVL, the main funding administration and life insurance coverage group within the Baltic area. INVL Baltic Actual Property will function as a closed-end funding firm till 2046, with extension attainable for an additional 20 years.

The particular person approved to offer extra info:
Actual Property Fund Supervisor of Administration Firm
Vytautas Bakšinskas
E-mail [email protected]