US Masters Residential Property Fund (AU:URF) has released an update.
The US Masters Residential Property Fund is proposing a strategic shift to an internal management structure by appointing US Masters Responsible Entity Limited as the new responsible entity, and amending its constitution to create a stapled group with URF II. This move, aimed at operating independently of financial services organizations, would result in unitholders owning the new entity through their URF II units. The Fund’s Board is unanimous in recommending unitholders vote in favor of these changes, which they believe are in the best interests of the unitholders.
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