Brief: Arcona Property Fund Provides Update On Covid-19 Impact

Arcona Property Fund NV

17/03/2020 17:43

March 17 (Reuters) - ARCONA PROPERTY FUND NV  ARCPF.AS :
    * ON CORONAVIRUS: THIS DISRUPTION WILL LIKELY COMBINE WITH
THE
LOSS OF CONFIDENCE AND CONSEQUENT NEGATIVE PRICING AND LIQUIDITY
ADJUSTMENTS IN THE GLOBAL FINANCIAL MARKETS TO CREATE A
CHALLENGING OPERATING ENVIRONMENT GENERALLY FOR INVESTMENT FUNDS
    * MEASURES TO DELAY THE SPREAD OF THE DISEASE WILL CAUSE
SEVERE
ECONOMIC DISRUPTION ACROSS THE REGION
    * UPDATED OPERATIONAL PLANNING OF FUND DOES NOT ANTICIPATE
COMPLETION OF ANY SUBSTANTIAL SALES BEFORE Q4 2020
    * ON CORONAVIRUS: WE ANTICIPATE BANKS WILL LOOK THROUGH
STATUS AND
STRUCTURE OF BORROWER TO QUALITY OF INCOME FLOWS AT INDIVIDUAL
ASSET LEVEL
    * ON CORONAVIRUS: FUND'S MANAGEMENT WILL CONTINUE TO MONITOR
DEVELOPMENTS AND UNDERTAKES TO PROVIDE FURTHER UPDATES ON
REGULAR BASIS

Source text for Eikon:  ID:nNDL6F3TgB 
Further company coverage:  ARCPF.AS 

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