News: RFF Rural Funds Group acquires Queensland cotton property

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    Nov 14 (Reuters) - Rural Funds Group (RFF) :

    • Acquisition will be debt funded and an increase in bank facility limit has been negotiated
    • Purchase price including stamp duty is $26.5 mln
    • Current FY17 forecasts for adjusted funds from operations of 12.42 cents per unit and distributions of 9.64 cents remain unchanged
    • RFF contracts to acquire Queensland cotton property
 
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