Beta Fund Characteristics
Closed-end real estate fund with public contribution
01 January 2004
Number of units
Retail clients and qualified investors
From 5 to 19 October 2005
MCC – Capitalia Gruppo Bancario
State Street Bank S.p.A.
Listed on Borsa Italiana’s Telematic Funds Market (MTF) Class 2 Closed-end Fund Segment
Intermonte SIM SpA
Minimum amount on the Stock Market
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 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.
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.
20% of the returns and capital gains paid
BETA FUND CLOSED ON 28 MARCH 2018