Invesque Inc. Streamlines Assets and Reduces Debt

Invesque (OTC) (TSE:IVQ) has released an update.

Invesque Inc. has reported both quarterly and annual financial results, indicating funds from operations of US$0.03 and US$0.33 per common share respectively, with adjusted funds higher in the twelve-month frame. The company has been active in property transactions, including the sale of seniors housing communities and skilled nursing facilities, with proceeds used to reduce their KeyBank credit facility debt. These strategic moves have led to amended credit terms, potentially easing the company’s financial covenants.

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