EfTEN Real Estate Fund: The Powerhouse of Growth and Dividends!

Ladies and gentlemen, buckle up! We’re diving into the resolutions of the Annual General Meeting of shareholders of EfTEN Real Estate Fund AS, and let me tell you, this fund is on FIRE! The decisions made at this meeting are going to set the stage for some serious growth and dividends. So, let’s get into it!

Approval of the 2024 Annual Report: A Stamp of Excellence!



The shareholders unanimously approved the 2024 annual report, and for good reason! The fund’s net profit skyrocketed to €13.564 million, a massive jump from €1.0 million in 2023. That’s a 1,256% increase, folks! The audited report by PricewaterhouseCoopers confirmed that everything is in order, and the remuneration report is compliant with the Securities Market Act. This is a no-brainer approval, and it shows that the fund is running like a well-oiled machine!

Profit Distribution: Dividends on the Rise!

The fund proposed a dividend of €1.11 per share for 2024, up from €1.00 per share in 2023. That’s an 11% increase! The total dividend payout is €12.699 million, and the fund is retaining €11.509 million in undistributed profit. This is a perfect balance of immediate returns and future growth. The fund is not just giving back to shareholders; it’s also investing in its future. The Hiiu 42 nursing home project and the ICONFIT production facility are just a couple of examples of how this retained capital is being put to good use.

Extension of Supervisory Board Authorizations: Stability and Continuity!

The shareholders extended the terms of the Supervisory Board members until June 18, 2030. This decision ensures governance stability, which is crucial for executing long-term strategies. The Management Board highlighted the “very good cooperation” between the Board, Management Board, and fund manager, signaling confidence in their decision-making. This is a vote of confidence in the leadership that has steered the fund to its current success.

Increase of Share Capital: Fueling Future Growth!

The shareholders delegated authority to the Supervisory Board to increase share capital by up to 10% within a year. This flexibility allows the fund to raise up to €8.496 million to capitalize on “attractive investment opportunities.” The minimum issue price is set at the 60-day average closing price, protecting existing shareholders from dilution. This is a strategic move that will enable the fund to scale into high-demand sectors like healthcare and industrial real estate, sectors with steady demand.

The Future is Bright for EfTEN Real Estate Fund!

The decisions made at the Annual General Meeting of shareholders of EfTEN Real Estate Fund AS are setting the stage for some serious growth and dividends. The fund’s focus on profitable growth, shareholder returns, and agile capital management is paying off. The €13.564 million net profit in 2024 validates the effectiveness of past strategies, while the approved resolutions position the fund to capitalize on future opportunities. This is a fund that is not just surviving; it’s thriving!

So, if you’re looking for a real estate fund that’s on the cutting edge of growth and dividends, look no further than EfTEN Real Estate Fund AS. This is a powerhouse of growth and dividends, and it’s only going to get better from here!