May I ask about payments upon the sale of companies in SF-1? Will shareholders also be paid out pro-rata?
Many thanks!
Yes, proceeds from the sale of shares held by SFI in a company could be considered as special dividends and will be treated in a similar way, they will be paid out to SFI unit holders pro-rata of their holdings. SFI will pass 100% of the payments entitled to its shareholdings in the company onto the SFI unit holders.