The profitability of the TIN securities is provided by the distribution of monthly yields, the mark-up in real estate price and the real estate sale profit.
The TIN investment policy enables the real estate portfolio to include corporate premises, commercial shops (in hypermarkets and shopping centers), industrial facilities (warehouses and shopping parks), and trust rights backed by the type of real properties mentioned above.
Tenants are first-rate corporate lessees.
The minimum investment amount is equivalent to a security. If the security is purchased in the primary market, the security value and the issue conditions are specified in the respective public offering advertisement.
TIN securities are equity securities that have been assigned the highest Fitch Rating for this type of vehicles (iAAA) and are registered with the RNVE (Colombian Registry of Securities and Intermediaries) and with the BVC (Colombian Stock Exchange).
TIN securities’ yields are distributed monthly on the 25th day, and if not a business day, then on the next business day.
TIN securities are tradable in the stock market. In the primary market through designated underwriting agents or in the secondary market through any stoke broker firm.
The underwriting in the primary market is conducted through the Stock Exchange in three rounds. The first-round targets client investors who are not TIN Bondholders (up to 10% of the total amount to be issued). The second round targets the TIN bondholders who can exercise their pre-emptive right to underwrite 90% of the securities they have plus the percentage they are entitled to of the amount that could not be placed in the first round. The third round is a free underwriting addressing all the public for the remaining amount after the second round.
Investing in TIN securities enables you to invest in top-class real properties without undertaking the management, lease, maintenance and sale thereof. In addition, this investment is more liquid than the direct investment in real estate.
The investment in TIN securities is mid-term. TIN securities were issued to 100 years, with the maturity date October 25, 2118. Nevertheless, liquidity may be obtained at any time in the secondary market. As any real estate investment, it should not be considered for a short term.