An investment you can actually see.

The IAD Investment Real Estate Fund (IAD IRF) is a sub-fund of the IAD Investments Fund ( the Fund), it is a fund established in the form of a fixed capital investment company ( société d’investissement à capital fixe – SICAF) estabilished under the laws of the Grand Duchy of Luxembourg as a limited pertnership with shares (société en commandite par actions) and registered pursuant to Part II of the 2010 Law on Undertakings for Collective Investment, with its registered office at 1B, rue Jean Piret, L – 2350 Luxembourg, Grand Duchy of Luxembourg and registered with the R.C.S. Luxembourg under number B161180, where the Fund is an alternative investment fund existing in accordance with the EU Alternative Fund Managers Directive (AIFMD). The general partner and the statutory body of the Fund is the company IAD Investments Management S.à r.l., a private limited liability company (société à responsabilité limitée), having its registered office at 1B, rue Jean Piret, L – 2350 Luxembourg, registered with the R.C.S. Luxembourg under number B 161176 (General partner). This ensures the day-to-day running of the Fund.

The IAD IRF is suitable for any investor who is interested in diversifying their investment portfolio while being prepared for a less liquid investment. There is risk associated with an investment in the IAD IRF and the Fund in general, the value of an investment in the Fund may decline and there is no guarantee of a return on the amount originally invested. The recommended investment horizon for this Fund is a minimum of 5 years.

Investor nadobudne akcie IAD IRF na základe písomnej zmluvy, v ktorej sa zaviaže, že zaplatí dohodnutú sumu, za ktorú nadobudne akcie. Právne vzťahy medzi investormi a Fondom vo všeobecnosti sú spravované a vykladané v súlade s luxemburským právom a podliehajú právomoci luxemburských súdov.

Po pripísaní investorom investovanej sumy na účet Fondu vedeného pre IAD IRF, investor nadobudne akcie IAD IRF za cenu k poslednému tzv. dňu ocenenia, ktorým je spravidla posledný kalendárny deň mesiaca, v ktorom boli pripísané peňažné prostriedky od investora na účet Fondu. Investorovi je pripísaný taký počet akcií Fondu, ktorý zodpovedá podielu investovanej sumy (po odrátaní poplatkov) a sume ocenenia príslušnej akcie Fondu k danému dňu ocenenia. Investor môže vlastniť aj zlomok, resp. časť akcie Fondu.

Súčasťou procesu akceptácie investora zo strany Fondu je aj požiadavka na preukázanie pôvodu majetku, tzv. AML/KYC v zmysle luxemburského Zákona z 12. novembra 2004 o boji proti praniu špinavých peňazí a financovaní terorizmu v znení neskorších predpisov, ako aj v súlade s ďalšími všeobecne záväznými právnymi predpismi týkajúcimi sa ochrany pred legalizáciou príjmov pochádzajúcich z trestnej činnosti a financovaniu terorizmu.

For more detailed information about the procedure for investing in the Fund, please contact us in writing at the email address info@iadim.fund.

The payment of dividends by the Fund depends, among other things, on the investment strategy currently chosen, which is in accordance with the Fund’s prospectus, the Fund’s current financial position and the availability of available funds. With regard to the situation on the real estate market, it may be necessary at certain times to accumulate funds, e.g. in order to purchase new projects, while at other times the available funds may be paid out in the form of a dividend. The Fund is not obliged by law or any other legal title to pay dividends, and the decision to pay dividends is within the discretion of the Fund’s statutory body – its General Partner.

The minimum investment amount depends on the selected investment class of the Fund (see table below). IAD IRF has three share classes: the “Institutional Class”, the “Class A” and the “Ordinary Class”. In addition to the minimum investment amount, the investment classes also vary in fees, as shown in the table below. The following investment in the IAD IRF does not have a minimum investment limit.

Performance Fee

Information on fees is published in the Fund’s Prospectus, in Appendix 1 Part 1 regarding the terms and conditions of the IAD IRF.

You can find the current value of the shares according to the relevant share class of IAD IRF on the website of the Fund www.iadim.fund .

IYou can find information on the price of IAD IRF shares (except for so-called Ordinary Share Class shares that have not been accepted for trading on the stock exchange) on the website of the Luxembourg Stock Exchange https://www.luxse.com/, or contact us with your request by email at the address info@iadim.fund.

You can determine the current value of your investment by multiplying the number of your shares and the current value of the IAD IRF share.

Example:

As of 31.12.2023, the current value of one share in the Ordinary class IAD IRF was EUR 69.42. You own 1 000 shares. The current value of your holding on 31.12.2023 was therefore EUR 69.42 x 1 000 = EUR 69 420.

An investor may make a request to redeem shares of the Fund at any time. Redemption requests are evaluated during the months of April and May of each calendar year (the “Redemption Period”). Investors generally submit redemption requests during the above period. If an investor submits a redemption request before the start of the redemption period (e.g. in January of year Y), it is deemed to be submitted at the start of the next redemption period (i.e. in April of year Y). An application submitted after the end of the buyback period (e.g. in June of year Y) shall be included in the next following buyback period (i.e. April of year Y+1). In the case of IRF IADs and Class A and Ordinary Class share classes, redemptions of shares prior to the expiry of the relevant holding period are subject to the exit fee set out below:

Investment holding period means time elapsed from acquisition of shares by the investor, i.e. crediting it to the investor’s account or registration in the shareholder register of the Fund and submission of the redemption notice. More information available in the Prospectus.

The recommended investment horizon under the IAD IRF prospectus is a minimum of 5 years.

The investment horizon is not fixed and it is up to each investor to decide for how long they want to invest. The Fund cannot dictate how long an investor must leave his or her funds tied up in the Fund. The investment horizon of the IAD IRF is set to deliver the expected returns in its investment strategy. Under normal market and economic conditions, this is very likely to happen. The longer investment period mitigates potential losses when the values of the Fund’s securities and assets decline.

You can request the redemption of your shares in the following ways:

Send us a scanned copy of the completed Redemption Request form with an officially certified signature to the email address info@iadim.fund or send it by mail to the registered office of the Fund’s distributor and the local representative of the AIFM, which is the company IAD Investments správ. spol., a.s., Malý trh 2/A, 811 08 Bratislava.

A sample redemption request form is available on the Fund’s website. www.iadim.fund on https://iadim.fund/wp-content/uploads/2025/01/Ziadost-o-spatny-odkup-1.docx.

The funds for the sale of Shares will be sent to your bank account from which the funds for the purchase of Shares in the Fund were sent and which is also specified in the Fund Share Acquisition Agreement. The disbursement of funds may be subject to AML/KYC checks in accordance with the relevant legislation on the prevention of money laundering and terrorist financing.

In order to pay out the monies, it is necessary to submit a written request for redemption (see above). The deadline for the payment of funds in case of redemption depends on the total amount of redemptions of all investors submitted in the respective period for redemption (April and May of the respective year) as follows:

• If the value of all redemption requests does not exceed 5% of the IAD IRF’s net asset value, the monies are paid no later than by the end of August of the respective calendar year.
• If the value of all redemption requests exceeds 5% but does not exceed 20% of the IAD IRF’s net asset value, the monies are paid no later than by the end of February of the following calendar year.
• If the value of the redemption requests exceeds 20% of the net asset value of the IAD IRF, (i) the cash may be paid out by the end of May of the following calendar year or (ii) the IAD IRF may be closed and liquidated within 3 years and 60 days, with the liquidation period commencing on March 31, i.e., the day prior to the beginning of the last redemption period.

The amount “net asset value of IAD IRF” for the purposes of the aforementioned calculations is determined as the average of the net asset value of IAD IRF over the period of the last 14 months ending on the last day of the subject redemption period (i.e. for the months of April of the year Y-1 to May of the year Y, for which the total amount of redemptions is evaluated).

Due to the cash position in the IAD IRF and the decision of its General partner, the monies may be paid even before the expiration of the above-mentioned deadlines.

The exact procedure is specified in the Fund’s prospectus in Appendix 1 Part 1 – terms and conditions relevant specific for the IAD IRF.

Yes, it is possible to donate shares in the Fund. The donee becomes an investor in the Fund. The donor is also subject to the requirement to prove the origin of the assets in connection with the obligations arising from the legislation governing the protection against money laundering and the financing of terrorism. Officially translated documents in English proving the donation and identifying the donor and donee must also be submitted to document the donation.

Yes, shares in the Fund can be inherited. The heir will become an investor in the Fund and, before being accepted as an investor, the heir is also subject to the requirement to prove the origin of the assets in relation to the obligations arising from the legislation governing the protection against money laundering and terrorist financing. Furthermore, the documents required for the registration of an heir are in particular officially translated documents in English, such as the death certificate of the original investor and the decision on the succession proceedings or the certificate of inheritance.

Yes, shares of the Fund may be sold to another person, either to an existing investor or to another third party. The transfer is conditional upon (among other things) the acceptance by the Fund of the transferee/buyer in respect of its obligations under the legislation governing the protection against money laundering and terrorist financing. The transfer shall be effected on the basis of a written agreement. For additional information, please contact us at info@iadim.fund.

This is a legal obligation arising from European Union law as well as Luxembourg and Slovak legislation. It is carried out when an investor enters the Fund, exits the Fund, as well as in other transactions with the investor’s shares in the Fund. At the same time, this control must also be carried out on an ongoing basis,
usually at least once a year. As part of this check, you may be asked for your personal documents, data to prove your identity, as well as information about the origin of your financial resources and the origin of your assets.

The General Partner is the company IAD Investments Management S.à r.l. with registered office at 1B, rue Jean Piret, L-2350 Grand Duchy of Luxembourg, which is, in accordance with Luxembourg law, the statutory body of the Fund and is responsible for implementing the investment strategy in accordance with the Fund’s prospectus. In accordance with Luxembourg legislation, the General Partner delegates certain activities to professional companies domiciled in Luxembourg, such as the AIFM or the Central Administrator. More information can be found in the Fund’s prospectus.

The AIFM is a Luxembourg company, Gen II Management Company SARL, with its registered office at 33, Avenue J.F. Kennedy, L-1855 Luxembourg. The AIFM is an alternative investment manager under Luxembourg regulations and carries out its activities under the authorization of the Luxembourg regulator CSSF. The AIFM is responsible for ensuring that the implementation of the Fund’s investment strategy complies with Luxembourg legislation. From the perspective of Slovak law, AIFM is a so-called a foreign management company that carries out activities in the territory of the Slovak Republic based on the right to freedom to provide services in accordance with the ZoKI.

The central administrator is the Luxembourg company CF Fund Services S.A., which is part of the BDO Luxembourg group, with its registered office at 1 rue Jean Piret, L-2350 Luxembourg, Grand Duchy of Luxembourg. The Central Administrator is a licensed entity that ensures independent accounting, calculation of the NAV (net asset value) of the Fund, maintenance of the list of shareholders of the Fund and other activities required by law, including compliance with AML/KYC controls in accordance with relevant legal regulations in the field of protection against the legalization of proceeds from crime and the financing of terrorism.

The depositary of the Fund is Société Générale Bank & Trust, a Luxembourg bank with registered office at 11, Avenue Emile Reuter, L-2420 Luxembourg, part of the Société Générale international banking group. The Depositary is a company regulated by the Luxembourg regulator. The Depositary handles the cash in the Fund. No payment or transaction may be made in respect of the assets of the Fund without the consent of the Depositary.

The CSSF is supervised by the Luxembourg financial regulator , the Commission de Surveillance du Secteur Financier. Compared to Slovakia, it is an institution that performs the same function in financial market supervision as the National Bank of Slovakia performs in the Slovak Republic.

The fund is supervised by the Luxembourg financial regulator Commission de Surveillance du Secteur Financier (CSSF). The Fund’s activities are also supervised by a Luxembourg licensed manager, GEN II MANAGEMENT COMPANY (LUXEMBOURG) SARL, 33, avenue J.F. Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg, registered in the Luxembourg register of companies and firms under number B159802 (AIFM or Foreign Management Company), which is directly responsible for risk management and portfolio management of the Fund. From the perspective of Slovak law, AIFM is a so-called by a foreign management company which operates in the territory of the Slovak Republic on the basis of the right of free provision of services in accordance with §65 of Act No. 203/2011 Coll., on collective investment, as amended (hereinafter referred to as ZoKI).

The activities of the General Partner of the Fund are also supervised by the Luxembourg financial regulator CSSF.

The use of Fund’s assets is under the supervision and subject to consent of the Fund’s depositary, which is SOCIÉTÉ GÉNÉRALE BANK TRUST, 11, Avenue Emile Reuter, L-2420 Luxembourg.

The Fund is audited by KPMG Audit S.à r.l., 39, avenue John F. Kennedy, L-1855, Luxembourg, Grand Duchy of Luxembourg, which provides an independent assessment of the data, statements, records and operations of the Fund, in accordance with Luxembourg law and the laws of the countries in which the Fund’s assets are located.

The Fund also has an independent central administrator, CF Fund Services S.A., with its registered office at 1b rue Jean Piret, L-2350 Luxembourg, Grand Duchy of Luxembourg, which is a function foreseen for the Fund by Luxembourg legislation, which is a licensed entity and which ensures independent accounting, calculation of the NAV (net asset value) of the Fund, maintenance of the list of shareholders of the Fund and other activities required by law.

With respect to the distribution of shares of the Fund for non-professional investors in the Slovak Republic, the company IAD Investments správ. spol., a.s., Malý trh 2/A, 811 08 Bratislava, IČO: 17 330 254 (IAD Investments), as a management company licensed under CoI Law and subject to the supervision of the National Bank of Slovakia, acts as the local agent for the Foreign Management Company in accordance with § 150 CoI Law. The Local Representative has arrangements in place (including electronically) in accordance with the CIFA to carry out activities such as, in particular, processing instructions for the issue, redemption or purchase of securities of the Fund, or providing information to investors regarding the exercise of their rights arising from their investment in the Fund and making available the Fund’s basic documents. IAD Investments is also the distributor of the Fund in the Slovak Republic.

In general, collective investment and the overall functioning of the financial markets are defined by the strict legislative framework of the Grand Duchy of Luxembourg and the directives of the European Commission as well as the legal regulations of the Slovak Republic.

Only the General Partner may dispose of the assets in the Fund in his capacity as the statutory body of the Fund. The General Partner may not execute any transactions with the assets of the Fund without the consent of the Foreign Asset Management Company and the Depositary.

The assets in the Fund are segregated from the assets of the Foreign Asset Management Company. The CSSF and the Depositary shall supervise the activities of the Foreign Asset Management Company in relation to the handling of the assets of the Fund in order to exclude any manipulation of the assets that could be detrimental to the shareholders of the Fund.

The insolvency of the General Partner does not affect the assets of the investors in the Fund, which are strictly separated from the assets of the General Partner, as the statutory body of the Fund. In the event that the General Partner were to become insolvent, the management shares held in the Fund itself would become part of the bankruptcy estate and would be sold by the trustee or receiver to another similar company to the General Partner. In practice, this means that the Fund would acquire a new General Partner approved by the Luxembourg regulator. Such sale is always subject to the supervision and prior approval of the Luxembourg CSSF regulator, which ensures that the rights of investors in the Fund are not affected.