Without revenue improvement in the next year no repayments will be provided. “Karin Schulte” MS and MS “Otto Schulte”: The concept of restructuring by early 2010 has failed. The optimistic revenue indicated were far missed. The pool of revenue is not sufficient to cover costs and interest payments, a repayment of the loan is not possible. The further restructuring assumes USD/day to 9,000 USD per day in 2013, as well as 12,000 USD/day in 2014 by a rise in Charter rates currently 6,500. Concrete statements about the probability of the emergence of these forecasts are not called. For the investors of the HCI Renditefonds V, this means that your investment without a significant increase in Charter revenue will fail over the next 12 months most likely. Therefore arises the question of whether there are alternatives that they can recover their money.
Damages as a realistic option the developments of the Fund since 2009 have shown that it is a ship holding a highly speculative and risky investment, the quite the total loss of the Capital employed result can have. About this fact, nor of the individual risks of HCI ship fund investors V, with whom we have spoken so far were informed by their investment advisers. Also the investors not declared, that 26.6% of the capital invested by them and for more than 1/4 for not investment purposes, in particular fees for various services was used. The sales costs alone accounted for 22.6% of the investors capital including premium. 15% the BGH is an altitude of selling expenses affecting the profitability of a fund investment, which therefore separately to enlighten. We see therefore good opportunities for investors, because of the economic failure of the Fund’s contribution to HCI Renditefonds of V damage to their investment advisers to put through them. We are for an assessment of your individual opportunities and enforcing your claim for damages available. Nittel Banking and capital market law firm your Contact person Mathias Nittel, lawyer specializing in banking and capital market law, Alexander Meyer, lawyer Heidelberg: Hans-Bockler-Strasse 2 A, 69115 Heidelberg phone: 06221 915770 Fax: 06221 9157729 Munich: residential street 25, 80333 Munich Tel.: 089 25549850 Fax: 089 25549855