Urbanfund Corp (TSE:UFC) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Urbanfund Corp. has provided a $6 million loan to its controlling shareholder, Westdale Construction Co. Limited, with a high-interest rate of 8.2% and a swift 30-day repayment period. This transaction is notable as it falls under a ‘related party transaction’ due to shared leadership between Urbanfund and Westdale, yet it remains exempt from certain minority shareholder approvals. Urbanfund is a real estate development firm with assets across Ontario and Quebec, known for its strategic real estate investments.
For further insights into TSE:UFC stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money