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US Masters Residential Property Fund ( (AU:URF) ) just unveiled an update.
US Masters Residential Property Group announced the results of a General Meeting where securityholders approved an on-market buyback of up to 25% of issued Stapled Securities over the next 12 months. This decision, supported by a significant majority, aims to enhance shareholder value and optimize the company’s capital structure.
More about US Masters Residential Property Fund
US Masters Residential Property Group is a listed stapled entity comprising US Masters Residential Property Fund and US Masters Residential Property Fund II. The company operates in the real estate industry, focusing on residential property investments in the United States.
YTD Price Performance: 13.89%
Average Trading Volume: 638,266
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$283.3M
For an in-depth examination of URF stock, go to TipRanks’ Stock Analysis page.