EfTEN Real Estate Fund AS Launches Directed Share Issue

EfTEN Real Estate Fund AS has taken a step to bolster its financial position by announcing a directed share issue. At the Annual General Meeting held on 7 April 2026, the shareholders gave the Supervisory Board the authority to increase the fund’s share capital by raising a total of 0.52 million euros, exclusively from Lithuania.

The share price for this offering was determined based on the 60-day average closing price of the fund's share on the Nasdaq Tallinn Stock Exchange, which was set at 19.59 euros per share. This price was established prior to the Supervisory Board’s resolution.

The fund plans to issue 26,797 new shares, each with a nominal value of 10 euros. This issuance will result in a new share capital of 117,491,060 euros. The proceeds from this share issue will be allocated to finance further investment activities in line with the fund’s investment strategy.

According to Viljar Arakas, a member of the Management Board, the fund is committed to using the capital raised to support its ongoing investment activities.

The fund’s decision to conduct this share issue reflects its ongoing efforts to diversify its funding sources and maintain a robust capital base. By targeting investors from Lithuania, the fund aims to tap into a specific market that aligns with its investment strategy.

In summary, EfTEN Real Estate Fund AS is executing a directed share issue to raise 0.52 million euros, with each share priced at 19.59 euros. The issuance of 26,797 new shares will bring the fund’s share capital to 117,491,060 euros, all in an effort to support future investment activities.