The appointment of AEW as Home REIT’s new investment adviser and AIFM is now effective after shareholders voted in favour of the trust’s new investment policy.
Shareholders convened at a general meeting on Monday (21 August) to vote on a raft of changes to stabilise the property portfolio and improve rent collection, including a stabilisation period that will enable the managers to invest in a wider range of assets. Nearly 100% (99.98%) of votes, or 558,771,343 votes per share, were cast in favour of the investment policy changes, with only 0.02% voting against and 13,519 votes withheld. The votes submitted represented over 70% of issued share capital. Home REIT's investment policy overhaul reveals depth of issues facing the trust In a st...
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