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Basic company data

The Premier Fund is a special investment vehicle and was incorporated on January 11, 2006. Varna District Court entered the company by decision No 635 of 27 January 2006. The license of Premier Fund REIT to perform activities as REITs was issued by decision of the Financial Supervision Commission № 245-ДСИЦ from March 29, 2006.

The object of activity of Premier Fund REIT is the investment of funds raised through the issue of securities in real estate (securitization of real estate) through the purchase of title and other real rights on real estates, construction works and improvements in them in order to provide them for management, rental, leasing, lease and / or sale.

The company has a capital of 500 000 BGN. The mandatory increase of the capital up to BGN 650 000 under the Special Investment Firms Act was successfully completed on 23 June 2006 and all rights were sold at a price of BGN 0.60 per share as of the first auction on 17 May 2006. On 28 September 2006 the Board of Directors of Premier Fund REIT decided to increase the capital of the company by BGN 16,250,000 to BGN 16,900,000, which ended unsuccessfully.