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ALTIN FoHF rejects transformation to open-end company

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The Board of Directors of ALTIN AG , the Swiss alternative investment company, has decided not to propose to shareholders the transformation of the company into an open-end collective investment vehicle.

 

After a thorough assessment, it appears that, given tax and regulatory aspects in some countries, such a change would not be in the interest of all shareholders.

This restructuring project was one of the options announced in April 2011 in the context of the shareholder value promotion policy put in place by the Board several years ago.

In addition to the discount reduction measures currently in place, the Board of Directors is considering several other options, such as the resumption of the share buyback program, a reduction of the nominal value or an increase of the portfolio publication frequency.

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