Degi International pays out approx. 70 million Euro
The 70,000 or so investors in the open-end real estate fund, which is currently in regular liquidation, are set to receive 5 percent of the net asset value of the fund, completely tax free
The payout will be completely tax free for both private and institutional investors. As such, the tax-free portion of the distribution amounts to 100%.
The total payment to investors will amount to Euro 68.3 million, equivalent to approximately 5% of the net asset value of Euro 1,366 million of the fund (as of 31 October 2011). Due to repayments of loans the amount is lower than for the last payment in April 2012.
The payment has been postponed for one month to ensure that some sales of properties could be taken into account. The next payment to investors is scheduled for April 2012. The amount of the payment will largely depend on the sale of further properties held by Degi International. Aberdeen will provide up-to-date information on its home page at www.aberdeen-immobilien.de.
Aberdeen Asset Management Deutschland AG
Aberdeen Asset Management is a pure asset management company that has been listed on the London Stock Exchange since 1991 (and in the FTSE-100 since 2012). The company was originally incorporated in Aberdeen/Scotland in 1983. Aberdeen invests globally in the four main asset classes of equities, bonds, real estate and alternative investments on behalf of its clients. Nowadays the company manage assets of about 232 billion Euro, of which 24 billion Euro are invested in real estate (as of 31 August 2012).