Please see release 21 Apr but see below summary of the assets on bal sheet and the ones that are not going to be on the Bal sheet
Following completion of the Unit Sales Agreement, the controlled entities of the US Trust will be restructured. RCU will have a direct investment in the US Trust?s Portfolio A which has thirteen office assets located across continental United States. The portfolio totals over 100,000 square metres with a 97% occupancy rate, principally by US Government agencies; and
3. RCU will have an indirect investment in the US Trust?s Portfolio B which has nine office assets located across continental United States. While RCU may receive income from these assets and retains the ability to benefit from any financial upside from the portfolio, the assets will be held in a separate vehicle not associated with RCU. This is to ensure RCU has no adverse exposure due to the distressed nature of the debt of the portfolio. Portfolio B totals approximately 105,000 square metres with occupancy of 97%, also principally leased by US Government agencies; and
RCU Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held