Brief: URF Executes Purchase And Sale Agreement

US Masters Residential Property Fund

28/03/2022 02:34

March 28 (Reuters) - US Masters Residential Property Fund
 URF.AX :
    * US MASTERS RESIDENTIAL PROPERTY FUND - OFFER TO ACQUIRE
URF'S
1-4 FAMILY PROPERTY PORTFOLIO IN A BULK TRANSACTION, WITH FUND
WIND-UP TO FOLLOW
    * US MASTERS RESIDENTIAL PROPERTY FUND - PURCHASE PRICE IS
US$507
MILLION
    * US MASTERS RESIDENTIAL PROPERTY FUND - PROCEEDS OF
TRANSACTION
EXPECTED TO BE USED FIRSTLY TO RETIRE URF CONVERTIBLE PREFERENCE
UNITS

Source text for Eikon:  ID:nASX6Yd9L2 
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