LSE:SWEF

SWEF: February 2024 NAV

Retrieved on: 
Wednesday, April 10, 2024
FX, Movement, NAV

(2) Euro amounts drawn and future cash commitments converted at the month end spot rate.

Key Points: 
  • (2) Euro amounts drawn and future cash commitments converted at the month end spot rate.
  • The difference between amounts drawn in the table above and “Loans advanced” in the first table is accrued income and impairment provisions.
  • Reconciliation of NAV per share movements for the month ended 29 February 2024:
    (4) Operating Income available to distribute comprises loan income recognised in the period less the cost of debt facilities utilised by the Group and operating costs incurred.
  • Mismatches between the hedge valuations and the loan investments may occur depending on the shape of the forward FX curve and this causes some movement in the NAV.

SWEF: Fifth Capital Distribution Update

Retrieved on: 
Wednesday, April 10, 2024
MAR, London Stock Exchange, Starwood Capital Group, Security (finance)

Any certificates currently in circulation will be superseded by a new certificate which will be distributed to certificated shareholders by 28 March 2024.

Key Points: 
  • Any certificates currently in circulation will be superseded by a new certificate which will be distributed to certificated shareholders by 28 March 2024.
  • Following the redemption, the Company has 270,178,206 shares in issue and the total number of voting rights is 270,178,206.
  • www.starwoodeuropeanfinance.com
    The Group's assets are managed by Starwood European Finance Partners Limited, an indirect wholly-owned subsidiary of the Starwood Capital Group.
  • Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group.

SWEF: Fifth Capital Distribution

Retrieved on: 
Wednesday, April 10, 2024
Starwood Capital Group, Shopping center, London Stock Exchange, NAV, MAR, Old, TIDM, Security (finance)

The Board of Starwood European Real Estate Finance Limited is pleased to announce the Company’s fifth capital distribution.

Key Points: 
  • The Board of Starwood European Real Estate Finance Limited is pleased to announce the Company’s fifth capital distribution.
  • Accordingly, the Company has resolved to make a fifth capital distribution totalling (after expenses) c. £25.0 million to SEREF shareholders by way of a compulsory partial redemption of shares at a price of £1.0369 per share (being the last published NAV per share prior to this announcement) (the “Compulsory Redemption”).
  • of the Company’s issued share capital will be redeemed on the Redemption Date (the “Redemption Ratio”).
  • “Accordingly, we are using this capital to fund a fifth distribution to shareholders of £25.0 million.

SWEF: Holdings in Company

Retrieved on: 
Wednesday, March 13, 2024
MAR, Disclosure

For the purposes of the Disclosure Guidance and Transparency Rules Chapter 5, the threshold had been crossed on 2 January 2024 under the previous ISIN GG00BQRGMH31.

Key Points: 
  • For the purposes of the Disclosure Guidance and Transparency Rules Chapter 5, the threshold had been crossed on 2 January 2024 under the previous ISIN GG00BQRGMH31.
  • Starwood European Real Estate Finance Ltd has since performed its Fourth Capital Distribution on 22 February 2024, reducing the Company’s shareholding pro rata, and resulting in the same percentage figure as referenced in this announcement.
  • Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group.
  • The issuer is solely responsible for the content of this announcement.

SWEF: January 2024 NAV

Retrieved on: 
Wednesday, March 13, 2024
NAV, Movement, FX

(4) Operating Income available to distribute comprises loan income recognised in the period less the cost of debt facilities utilised by the Group and operating costs incurred.

Key Points: 
  • (4) Operating Income available to distribute comprises loan income recognised in the period less the cost of debt facilities utilised by the Group and operating costs incurred.
  • (5) Unrealised foreign exchange gain/losses relate to the net impact of changes in the valuation of foreign exchange hedges and the sterling equivalent value of Euro loan investments (using the applicable month end rate).
  • Mismatches between the hedge valuations and the loan investments may occur depending on the shape of the forward FX curve and this causes some movement in the NAV.
  • These unrealised FX gains / losses are not considered part of distributable reserves.

SWEF: Fourth Capital Distribution Update

Retrieved on: 
Wednesday, March 13, 2024
MAR, London Stock Exchange, Starwood Capital Group, Security (finance)

Any certificates currently in circulation will be superseded by a new certificate which will be distributed to certificated shareholders by 28 February 2024.

Key Points: 
  • Any certificates currently in circulation will be superseded by a new certificate which will be distributed to certificated shareholders by 28 February 2024.
  • Following the redemption, the Company has 294,288,539 shares in issue and the total number of voting rights is 294,288,539.
  • www.starwoodeuropeanfinance.com
    The Group's assets are managed by Starwood European Finance Partners Limited, an indirect wholly-owned subsidiary of the Starwood Capital Group.
  • Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group.

SWEF: Fourth Capital Distribution

Retrieved on: 
Wednesday, March 13, 2024
TIDM, NAV, MAR, Old, London Stock Exchange, Starwood Capital Group, Security (finance)

The Board of Starwood European Real Estate Finance Limited is pleased to announce the Company’s fourth capital distribution of circa £20.0 million.

Key Points: 
  • The Board of Starwood European Real Estate Finance Limited is pleased to announce the Company’s fourth capital distribution of circa £20.0 million.
  • Accordingly, the Company has resolved to make a fourth capital distribution totalling (after expenses) circa £20.0 million to SEREF shareholders by way of a compulsory partial redemption of shares at a price of £1.0308 per share (being the last published NAV per share prior to this announcement) (the “Compulsory Redemption”).
  • of the Company’s issued share capital will be redeemed on the Redemption Date (the “Redemption Ratio”).
  • As a result, we have resolved to proceed in returning capital to shareholders promptly through the Fourth Capital Distribution announced today.

SWEF: December 2023 NAV

Retrieved on: 
Tuesday, January 30, 2024
NAV, Movement, FX

The difference between amounts drawn in the table above and “Loans advanced” in the first table is accrued income and impairment provisions.

Key Points: 
  • The difference between amounts drawn in the table above and “Loans advanced” in the first table is accrued income and impairment provisions.
  • (5) In December 2023 a loan classified as Stage 3 had an additional impairment provision recognised.
  • The December reconciliation of NAV above shows the reversing of such an FX gain (of circa £1.0 million) following the repayment of one such loan.
  • Mismatches between the hedge valuations and the loan investments may occur depending on the shape of the forward FX curve and this causes some movement in the NAV.