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ARTE COLLECTUM I AB (PUBL) FINANCIAL STATEMENT 2022

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PRESS RELEASE
24 February 2023, at 8 a.m. – Stockholm.
Arte Collectum I AB (publ)
www.artecollectum.com

Arte Collectum I AB (publ) (the “Fund”) issues a year-end report regarding the period 3 December 2021 to 31 December 2022.

  • The operating profit amounted to TEUR -111.
     
  • The profit after tax amounted to TEUR 0.
     
  • The investments in art amounted to TEUR 8,162.
     
  • The net asset value per unit in the Fund (NAV) on 31 December 2022 amounted to EUR 9,700, corresponding to 97,00 %.
     
  • On 1 June 2022, the Board decided on a first issue and allocation of 1,140 debentures at a subscription price of EUR 10,000 per debenture. The issue proceeds amounted to a nominal amount of TEUR 11,400.
     
  • On 1 November 2022, the Board decided on a second issue and allocation of 883 debentures at a subscription price of EUR 10,000 per debenture. The issue proceeds amounted to a nominal amount of TEUR 8,830.
     
  • The Fund’s issued debentures with ISIN SE0017485808 were admitted to trading on a regulated market, Nordic Growth Market Nordic AIF Sweden, for the first time on 9 June 2022. Trading is conducted under the short name Arte Collectum I.
     
  • The investment activities have started according to plan. As of 31 December 2022, 23 unique artworks have been acquired.

Significant events after the end of the period:

  • Some of the artworks acquired will be included in prestigious exhibitions in the U.S. and Europe during 2023 in line with the Fund’s investment policy and strategy of highlighting the artistry, building provenance and creating accessibility for the public to the Fund’s works.
     
  • During 2023, two more artworks have been acquired at an acquisition value of TEUR 1,249.
     
  • The macroeconomic situation has worsened with rising inflation, rising interest rates and a feared recession. How this affects the art market is too early to say. The Investment Committee have noticed a certain slowdown, but the asset class has not been affected to the same extent as other asset classes.

The year-end report is available in its entirety at www.artecollectum.com.
 

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For further information, please contact:

Jonas Höglund, Chief Executive Officer
Telephone: +46 733 76 67 55
E-mail: jonas.hoglund@artecollectum.com

This is information that Arte Collectum I AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by the contact person above on Friday 24 February 2023, at 8 a.m.

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