Key data for the 17th capital increase of the Akara Swiss Diversity Property Fund PK (Akara Diversity PK)

Press Release

Akara Diversity PK is one of the leading NAV-based, tax-exempt real estate funds for pension funds in Switzerland and can look back on a successful performance in the 2025 financial year. Shortly before its 10th anniversary, the fund exceeded the CHF 3 billion mark in portfolio volume for the first time as at 31 December 2025 and achieved a return on investment of 4.45%, comprised of a cash flow yield of 3.13% and capital growth of 1.32%. Since its launch in autumn 2016, the fund has generated cumulative excess returns of 8.49 percentage points over the KGAST Immo Index Mixed benchmark, underscoring the fund’s long-term competitiveness. Three capital increases in 2025 in a total volume of CHF 306 million further strengthened the equity base. They created the basis for targeted acquisitions and the further expansion of the project pipeline with an optimised balance sheet structure. A distribution of CHF 35.00 per unit was made on 24 April 2026, corresponding to a tax-exempt cash yield of 3.00% and a payout ratio of less than 100%. Investors now have another opportunity to participate in the fund.

17th capital increase in Akara Diversity PK for further sustainable growth
The subscription period for the 17th capital increase will run from Monday, 18 May to Friday, 12 June 2026, at 12:00 pm. The payment date for the fund units will be Friday, 26 June 2026. The aim of the increase is to secure a maximum issuing volume of 184’879 new units. Eleven (11) existing units entitle the bearer to one (1) new unit at the issue price on the payment date of CHF 1’162.00 each (including ancillary costs and issue commission). The issue will be carried out on a best-effort basis under a subscription offer to investors in Switzerland who are eligible under the terms of the fund contract. Unsubscribed units will not be issued.

Existing investors can exercise their subscription rights in respect of the capital increase. If any subscription rights remain unexercised, new investors will have the opportunity to participate in the fund. Investors can increase their chance of an allocation before the start of the subscription period by means of pre-commitments. The issue will also give existing investors the opportunity to reinvest the dividend paid out on 24 April 2026 without issue commission (ancillary cost charge remains).

Use of the capital
The capital raised will be used mainly to expand the portfolio in line with the strategy. Exclusive transaction opportunities have already been secured. In addition, ongoing projects are financed and, where possible, the borrowed capital ratio is reduced further.

Akara Diversity PK fund profile
Akara Diversity PK, which comprises total fund assets of over CHF 3.0 billion, is open to tax-exempt pension funds and social insurance and compensation funds registered in Switzerland. Investment funds may also invest if their investor base consists solely of the above-mentioned tax-exempt institutions domiciled in Switzerland. The valuation of the shares is based on the NAV without premiums/discounts, which reduces volatility. Investment is made in existing properties and development and construction projects with residential or commercial usage types (50%, ±15 percentage points) throughout Switzerland. It aims to achieve a steady and attractive distribution, long-term value growth and broad diversity. Most properties are held directly.

The fund documentation is available at www.swissfunddata.ch and www.spssolutions.swiss.

VALOR/ISIN: 33 349 032 / CH033 349 032 1

Akara Diversity PK: summary of the issue details

Issuing volume	Maximum of 184’879 units
Subscription period	18 May to 12 June 2026, 12:00 noon (CET)
Issue price per unit	CHF 1’162.00
Calculation of the issue price	In accordance with section 13.3 of the Fund Contract, the issue price of the units (rounded to one Swiss franc) is based on the net asset value per unit. This is comprised of: NAV as at 31 December 2025 (after deduction of the distribution of CHF 35.00 made on 24 April 2026): 1’132.45 Purchase at projected NAV change from 1 January to 26 June 2026*: 18.05 Ancillary costs (0.40%), based on the forecast NAV as at 26 June 2026: 4.60 Issue commission (0.60%), based on the forecast NAV as at 26 June 2026: 6.90 * The net asset value as at 26 June 2026 includes the assumed and forecast changes in value and income of the properties held by the real estate fund since the determination of the NAV as at 31 December 2025 to 26 June 2026.
Subscription ratio	11:1
Payment date	26 June 2026
Valor/ISIN	New units: 33 349 032 / CH 033 349 032 1 Subscription rights: 156 351 928 / CH 156 351 92 84
Utilisation of issue proceeds	The issue proceeds will be used primarily for the strategic expansion of the property portfolio in line with the fund’s investment policy. Ongoing construction projects will also be financed.
Legal form	Contractual real estate fund for qualified investors (Art. 25 et seq. CISA)
Investor base	The fund is aimed exclusively at tax-exempt pillar 2 and 3a institutions domiciled in Switzerland, particularly pension institutions, institutions within the meaning of the Vested Benefits Act, substitute occupational benefit institutions, guarantee funds, investment foundations, welfare funds, financing foundations and bank foundations within pillar 3a, as well as tax-exempt social security and compensation funds (especially unemployment, health, old-age, invalidity and survivors’ insurance funds, with the exception of licensed insurance companies) in Switzerland. Investment funds may also invest if their investor base consists solely of the above-mentioned tax-exempt institutions domiciled in Switzerland.
Custodian bank	Banque Cantonale Vaudoise (BCV), Lausanne
Valuation experts	PricewaterhouseCoopers AG, Zurich
Auditor	KPMG AG, Zurich
Fund management	Swiss Prime Site Solutions AG
Portfolio management	Swiss Prime Site Solutions AG

Disclaimer
This document is a marketing document and constitutes neither a brochure nor an offer or recommendation to purchase or subscribe for units in the described fund or in any other fund or financial instrument. Investment decisions may only be made on the basis of the fund prospectus that is still to be issued. In particular, this document is no substitute for the recipient carrying out their own assessment of the information contained in it, with the help of a professional advisor if necessary, and of the legal, regulatory, tax and other consequences in relation to their own personal circumstances. Furthermore, this announcement is not intended for publication outside of Switzerland.

Press release (PDF)