"Baltijas nekustamā ipašuma fonds" fund units listed on the Riga Stock Exchange

16.07.2003 RIG

Rigas Stock Exchange (RSE) Management Board resolved on listing of closed-end fund “Baltijas nekustamā īpašuma fonds” on the RSE Investment Fund list starting with
July 21, 2003. Nominal value of one unit is USD 10; total issue value is USD 5 million.

The purpose of the Fund is to add value to investor’s assets by investing, prevailingly, in real estate registered in the Baltic countries.

Investment company “Parex Investment Company” is “Baltijas nekustamā īpašuma fonds” asset management company; JSC “Parex Bank” is the custodian bank, and market maker is JSC “Parex Asset Management”

Guntars Kokorevics, President, Riga Stock Exchange: “Listing of fund units on the RSE is expected to enhance the investors’ confidence in funds, since the buy and sell prices as any other information on the funds and their financial status is made available publicly. It will allow the funds to attract the institutional investors that are permitted to invest in listed securities only.”
This is already the third fund listed on the RSE: the first, “Baltic Index fonds”, was listed on April 17, 2001; “Valsts obligaciju fonds” was listed on January 7, 2002.


Krista Grīntāle
Corporate Communications Department Director
Riga Stock Exchange
Phone. + 371 7212431
e-mail: krista.grintale@rfb.lv