Characteristics

Type

Closed-end real estate fund with public contribution

Contribution date

01 January 2004

Initial equity

€ 268,474,000

Number of units

268,474

Recipients

Retail clients and qualified investors

Placement

From 5 to 19 October 2005

Global Coordinator

MCC – Capitalia Gruppo Bancario

Placement price

€ 1,10

Depository bank

State Street Bank S.p.A.

Listing

Listed on Borsa Italiana’s Telematic Funds Market (MTF) Class 2 Closed-end Fund Segment

Specialist

Intermonte SIM SpA

Trading code

QFBET

ISIN Code

IT0003497721

Minimum amount on the Stock Market

One unit

Asset management company

Dea Capital Real Estate SGR

Independent expert assessors

AVALON REAL ESTATE Spa

Asset allocation target

Real estate assets and rights in rem in immovable property largely for tertiary sector use, both offices and commercial spaces, located at least 50% in Italy or the European Union.

Returns

Returns from management of the Fund are distributed for at least 70% unless otherwise justified and determined by the Board of the SGR. Revenues generated and not distributed in previous years may be used to generate income to be distributed in subsequent years.

Management commissions

Fixed annual commission of 1.9% of net overall value of the fund.

Minimum return target above which the final variable commission will be paid to the SGR

Change (in the year prior to the complete disposal of the Fund’s net assets) in the Consumer price index for white and blue collars’ families (ISTAT) plus 3 p.p.

Tax treatment

20% of the returns and capital gains paid

Duration

BETA FUND CLOSED ON 28 MARCH 2018