Unfortunately or fortunately, this is the structure from 2013 when RFM merged the three Funds and create a property trust listed on theAustralian Securities Exchange (ASX) and formed RFF which own a diversified portfolio of agricultural assets with a total value of $235 million and willgenerate all of its revenue from lease rentals, rather than farm operations. The 3 funds that was merged was RFM Chicken Income Fund (CIF) and RFMAustralian Wine Fund (AWF) with RFM RiverBank(Riverbank).
While it is not ideal, but this is the operations that was offered when the shares was first offered and they have continue to operates in such a manner.
Ann: Response to Bonitas Research report, page-303
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