Licensed by
Capital Market Development Authority (CMDA)
Under no. CMDA/2024/IF-5
Managed by
First National Finance Corporation
Invest In
Real Estate (Equity)
Discover the smartest way to grow your wealth with property investments
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
Frequently Asked Questions
Get answers to common questions about our real estate fund, investment process, and services.
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General
1.
What is First National Real Estate and Hospitality Fund?
2.
Who manages the Fund?
3.
Is the Fund regulated?
Investment Details
4.
What are the investment options available?
5.
What is the minimum investment amount for both Debt and Equity?
6.
Can I invest in equity, debt, or both?
Equity Investment
7.
What is an equity instrument?
8.
What is an expected annual return?
9.
What is the expected annual return for equity investors?
10.
How is the expected annual return calculated?
11.
Can I withdraw my investment before maturity?
12.
What happens to my equity investment after 30 years?
13.
Is the income from the equity investment tax free?
Debt Investment
14.
What is a debt instrument?
15.
What is an amortized bond? Is this bond amortized?
16.
What is the interest rate for debt investors?
17.
Where can I view the payoff profile?
18.
Can I withdraw my investment before maturity?
Underlying Project
19.
What is the underlying project for the Fund?
How to Invest
20.
How can I invest in the Fund?
21.
Who can I contact for more information?
400-9855
First National Real Estate & Hospitality Fund PLC
© 2024