The net assets value (difference between the separately calculated values ​​of the Fund‘s assets and liabilities (long-term and short-term), hereinafter – NAV) is determined by the Management Company at least once a quarter, and the report is submitted to shareholders / participants by the 20th day of the following month. If so decided by the Management Company, the NAV can be calculated more frequently.

The NAV is calculated in EUR.

The NAV is calculated according to the methodology for calculating the value of net assets, approved by the Bank of Lithuania, and in accordance with the establishment documents of the Fund approved by the Bank of Lithuania.

 For more details, please refer to the contacts below.

The value of the RE property managed by the Fund is evaluated by independent asset appraisers no less than once a year, by at least one independent asset appraiser, holding a respective qualification certificate, issued by a competent authority, and giving a right to perform such an appraisal.

The Management Company cooperates with the following appraisers:

Name	UAB „Inreal”
Address	Žalgirio str. 94, LT-09300 Vilnius, Lithuania
Phone	+370 5 273 0000
Company code	300576166

 

Name	UAB „AS&Partners“
Address	Jogailos str. 4, LT-01116 Vilnius, Lithuania
Phone	+370 687 81010
Company code	302105533

 

Name	UAB „Newsec valuations”
Address	Konstitucijos ave. 21C, LT-01103, Vilnius, Lithuania
Phone	(8 5) 2526444
Company code	126212869

 

Name	UAB „Ober Haus” nekilnojamas turtas
Address	Geležinio vilko str. 18A, LT-08104 Vilnius, Lietuva
Phone	(8 5) 2109700
Company code	111645042

 

Name	UAB Colliers International Advisors
Address	Gynėjų str. 14, LT-01109 Vilnius, Lithuania
Phone	+370 5 2491212
Company code	302424118

For more details, please refer to the contacts below.

All investment decisions related to the management of the Fund assets are made by a separate Investment Committee established by and within the Management Company. The competence and decision-making procedures of the Investment Committee are prescribed by the Investment Committee’s Regulation.

The Investment Committee consists of no less than 3 and no more than 5 members, appointed by the Management from its employees, that meet the fitness and propriety requirements for persons who make decisions on the management of the assets of the collective investment undertakings. Information about the elected members of the Investment Committee is provided to the Bank of Lithuania.

Decisions made by the Investment Committee are handled to the Board of the Management Company for further implementation.

For more details, please refer to the contacts below.

Upon the written request of shareholders/participants, who control more than 30% (thirty percent) of all shares/investment units issued by the Fund, Management Company may establish an Advisory Council, consisting of maximum 7 (seven) members, elected and appointed by shareholders/participants.

Meetings of the Advisory Council are convened at the discretion of the Management Company, at least once a year.

The Management Company may delegate the following functions to the Advisory Council:
– reviewing the progress of finding and selling investment objects;
– reviewing the Fund‘s activities and policy implementation and providing general recommendations regarding the Fund‘s management;
– reviewing, assessing and resolving potential or existing conflicts of interest.

The detailed description of the Advisory Council ‘s functions, competence and decision-making procedure is provided in the Fund establishment documents, that have been approved by the Bank of Lithuania.

For more details, please refer to the contacts below.