US Masters Residential Property Fund : Update - Notification of buy-back - URFPA
July 27, 2022 at 07:28 pm
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Notification of buy-back
Announcement Summary
For personal use only
Name of entity
US MASTERS RESIDENTIAL PROPERTY FUND
Announcement type
Update announcement
Type of update
Daily buy-back notification
Date of this announcement
28/7/2022
Reason for update
Daily buy-back notification
ASX Security code and description of the class of +securities the subject of the buy-back
URFPA : CNT PREF 6.25% PERP SEMI SUB CUM STEP T-01-23
The type of buy-back is:
On market buy-back
Total number of +securities bought back before previous day
37,198
Total number of +securities bought back on previous day
1,690
Refer to next page for full details of the announcement
Notification of buy-back
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Notification of buy-back
Part 1 - Entity and announcement details
For personal use only
1.1 Name of entity
US MASTERS RESIDENTIAL PROPERTY FUND
We (the entity named above) provide the following information about our buy-back.
1.2
Registration number type
Registration number
ARSN
150256161
1.3
ASX issuer code
URF
1.4 The announcement is
Update/amendment to previous announcement
1.4a Type of update
Daily buy-back notification
1.4b Reason for update
Daily buy-back notification
1.4c Date of initial notification of buy-back
14/6/2022
1.4d Date of previous announcement to this update
27/7/2022
1.5 Date of this announcement
28/7/2022
1.6 ASX Security code and description of the class of +securities the subject of the buy-back
URFPA : CNT PREF 6.25% PERP SEMI SUB CUM STEP T-01-23
Notification of buy-back
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Notification of buy-back
Part 2 - Type of buy-back
2.1 The type of buy-back is: On market buy-back
For personal use only
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Notification of buy-back
Part 3 - Buy-back details
only
Part 3A - Details of +securities, price and reason
3A.1 Total number of +securities on issue in the class of
+securities to be bought back
1,990,707
use
3A.4 Does the entity intend to buy back a minimum
number of +securities
No
3A.5 Does the entity intend to buy back a maximum
number of securities
Yes
3A.5a Maximum number of securities proposed to be
personal
bought back
199,070
3A.6 Name of broker or brokers who will offer to buy back +securities on the entity's behalf
Broker name:
Wilsons Advisory and Stockbroking Limited
3A.9 Are the +securities being bought back for a cash consideration?
Yes
3A.9a Is the price to be paid for +securities bought back known?
No
3A.9a.1 In what currency will the buy-back consideration
be paid?
For
AUD - Australian Dollar
Part 3B - Buy-back restrictions and conditions
3B.1 Does the buy-back require security holder approval?
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Notification of buy-back
No
only
Part 3C - Key dates
On-marketbuy-back
3C.2 Proposed buy-back start date
use
29/6/2022
3C.3 Proposed buy-back end date
28/6/2023
personalFor
Part 3D - Other Information
3D.1 Any other information the entity wishes to notify to ASX about the buy-back
Notification of buy-back
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Us Masters Residential Property Fund published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 23:27:07 UTC.
US Masters Residential Property Fund (Fund) is an Australia-based investment company. The Fund is focused on seeking to achieve long-term returns through a combination of income from rental yields along with potential long-term capital growth. The Company is primarily involved in investing in the United States residential property market. The Company owns freestanding and multi-family properties in the New York metropolitan area, specifically Hudson County, New Jersey, and Brooklyn, and Manhattan, New York. The Fundâs portfolio includes approximately 842 housing units across 452 freestanding properties. The Fund conducts all its New York metropolitan area residential investment through its controlled entity US Masters Residential Property (USA) Fund, a Maryland Real Estate Investment Trust (US REIT). Its responsible entity is E&P Investments Limited.