Cytonn Investors Convert Ksh 2.5 Billion Of The Illiquid Funds Into Real Estate – Kenyan Business Feed

As of 1st of September 2021, Cytonn High Yield Solutions (CHYS) and Cytonn Project Notes (CPN) Investors have converted Kes 2.5 billion of their investment funds from the two illiquid funds into real estate, translating to a 20% resolution of the debt owed by the two funds. 

The conversion of investor funds into real estate is part of the options presented by Cytonn Group, in consultation with various investors, partners, and board officials, on restructuring debt in the two funds.

“The Ksh2.5 billion has been converted in a period of one year as the funds continue to engage with clients on solutions to the liquidity constraint experienced by CHYS and CPN since the onset of Covid-19, negative publicity and regulatory attacks,” read a statement from Cytonn

The conversion has been happening across various real estate project developed under the Cytonn brands. Commenting on the conversion, Edwin H. Dande, CEO stated that:

“this demonstrates the advantage of investing in real tangible assets that can be seen and held even in tough times.”

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