US Masters Residential Property Fund ( (AU:URF) ) has provided an update.
US Masters Residential Property Fund has announced the finalization of an on-market buy-back of its fully paid units stapled securities. The company plans to repurchase a maximum of 69,088,200 securities out of the 690,882,004 securities currently on issue. This move is likely aimed at consolidating ownership and potentially enhancing shareholder value. The buy-back will be facilitated by Taylor Collison Limited, a broker appointed by the company.
More about US Masters Residential Property Fund
US Masters Residential Property Fund operates in the real estate industry, focusing on residential property investments. The company primarily deals with fully paid units stapled securities and is listed on the Australian Securities Exchange (ASX) under the code URF.
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.