US Masters Residential Property Fund Repatriates US$40M
Key points
- US$40 million of available cash held by US Masters Residential Property (USA) Fund repatriated
- Further announcements on capital management to be made
- US Masters Residential Property Group is a listed stapled entity
Full summary
The URF Board has announced that US$40 million of available cash held by US Masters Residential Property (USA) Fund was repatriated to US Masters Residential Property Fund effective 20 June. The Directors stated they will make further announcements to URF Securityholders regarding capital management determinations as and when they are made. US Masters Residential Property Group is a listed stapled entity consisting of US Masters Residential Property Fund (ARSN 150 256 161) and US Masters Residential Property Fund II (ARSN 676 798 468).
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