Brief: EJF Says Writes To Eurocastle Requesting Change In Strategy,Board

Eurocastle Investment

24/05/2018 08:42

May 24 (Reuters) - EJF Debt Opportunities Master Fund
    * EJF SENDS LETTER TO EUROCASTLE INVESTMENT REQUESTING
CHANGE IN
STRATEGY AND NEW BOARD MEMBERS
    * EJF DEBT OPPORTUNITIES MASTER FUND, L.P -  RAISING
CONCERNS ON
EUROCASTLE INVESTMENT'S POSITION IN DOBANK REPRESENTS ALMOST
HALF ITS OVERALL NAV
    * EJF DEBT OPPORTUNITIES MASTER FUND, L.P.-  RAISING
CONCERNS THAT
EUROCASTLE INVESTMENT CONTINUES TO TRADE AT A DISCOUNT TO NAV
    * EJF DEBT OPPORTUNITIES MASTER FUND, L.P.-  RAISING
CONCERNS THAT
EUROCASTLE INVESTMENT POSITION IN DOBANK, WHICH IS INDEPENDENTLY
MANAGED, ARE ALSO EXCESSIVE
    * EJF DEBT OPPORTUNITIES MASTER FUND, L.P.-  RAISING
CONCERNS THAT
EUROCASTLE INVESTMENT NEED FOR ADDITIONAL INDEPENDENT BOARD
MEMBERS

Source text for Eikon:  ID:nBw6F6fqRa 
Further company coverage:  ECT.AS 

 (Reuters.Briefs@thomsonreuters.com)