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Resilient Property Income Fund seeks to raise R1bn in rights offer

Listed Property, REIT, Real Estate Funds
Posted On Monday, 14 April 2014 12:18 Published by eProp Commercial Property News
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Resilient Property Income Fund seeks to raise R1bn through the rights offer to finance its pipeline of acquisitions and 'strategic opportunities'.

Desmond de Beer

The property fund said on Monday the subscription price for rights offer linked units was R52 per unit.

Resilient shareholders would be offered a total of 19‚230‚769 units in the ratio of 6.55582 rights offer linked units for every 100 units held on May 2.

The company said it had not received any irrevocable undertakings from existing shareholders to participate in the rights offer.

Last modified on Thursday, 17 April 2014 14:02
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