Notification of buy-back - URF
Open PDF
| Stock | US Masters Residential Property Fund (URF.ASX) |
|---|---|
| Release Time | 4 Apr 2025, 9 a.m. |
| Price Sensitive | Yes |
This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA.
The summaries are generated by large language models so please interpret with care.
US Masters Residential Property Fund Announces On-Market Buy-Back
Key Points
- US Masters Residential Property Fund to commence on-market buy-back of up to 172,720,501 fully paid units
- Buy-back to commence on 4 April 2025 and end on 2 April 2026
- Buy-back subject to security holder approval at meeting on 3 April 2025
Full Summary
US Masters Residential Property Fund (ASX: URF) has announced an on-market buy-back of up to 172,720,501 fully paid units, representing approximately 25% of the total units on issue. The buy-back is subject to security holder approval at a meeting scheduled for 3 April 2025. If approved, the buy-back will commence on 4 April 2025 and is expected to end on 2 April 2026. The buy-back will be conducted through the ASX with the assistance of broker Taylor Collison Limited. The fund will purchase the units for cash consideration, with the price to be paid for the units yet to be determined. The announcement follows the fund's Explanatory Memorandum lodged with the ASX on 12 March 2025, which provided further details on the proposed buy-back.