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Real Estate (Equity)

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Type of Investment

Project Financing Structure

Equity

55% - MVR 9,900,000

|

Debt

45% - MVR 8,100,000

Project Details

Assignment and Lease rights of H. Sakeena Manzil Ground Floor, First Floor (1A, 1B) and Second Floor (2A, 2B) for a period of 30 years.

Acquisition Price

MVR 18,000,000

Total lease area acquired

6,900 sqft

No. of Units in acquired area

5

Minimum Subscription

Expected Annual Return¹

Payment Frequency

MVR 10,000

20%

Quarterly

Security Type

Ordinary Shares

Class

Class B

Series Number

OSB001

Face Value of the Shares

MVR 1,000

Proposed Quantity

9,900 Class B Series 01 Ordinary Shares

Amount to be Raised

MVR 9,900,000

1

Expected Annual Return is calculated based on forecasted dividend with minimum 90% payout policy throughout 30 years.It is an average of individual returns for 30 years.The return is calculated based on the following formula: = Dividend/price, where Price is the initial price per share

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First National Finance Corporation

Real Estate & Hospitality Fund