OREANDA-NEWS. Parex Asset Management informed that the issue of investment certificates of the closed-end investment fund Baltic Distressed Property fund starts on July 21, 2008, reported the press-centre of Parex Group.

The main conditions of the second issue are:

The volume of the second issue is EUR 25 000 000;

The period of initial placement of the Fund's investment certificates shall be 3 months (ending October 20, 2008) or up to the day when all investment certificates offered in the initial placement are sold;

The price of an investment certificate is EUR 1000.

The minimum investment amount in the Fund is EUR 50 000.