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Ground Rents Income Fund ( (GB:GRIO) ) just unveiled an update.
Ground Rents Income Fund plc has received several unsolicited non-binding indicative cash offers from Victoria Property Holdings Limited, which were all rejected by the board for undervaluing the company. The latest offer, priced at 34 pence per share, represents a 50.9% discount to the company’s NAV, leading the board to advise shareholders to take no action while they seek further feedback and continue executing their asset realization strategy.
More about Ground Rents Income Fund
Ground Rents Income Fund plc is a company focused on residential asset management, emphasizing fairness, transparency, and affordability for leaseholders. It operates in the real estate industry, concentrating on maximizing the value of ground rent assets and realising assets in a controlled manner.
YTD Price Performance: 3.15%
Average Trading Volume: 143,306
Technical Sentiment Consensus Rating: Buy
Learn more about GRIO stock on TipRanks’ Stock Analysis page.
