We have all been assuming ING would sell ILF like it did its...

We have all been assuming ING would sell ILF like it did its other A-REITs but from today's results it appears we are going to remain listed!

Personally I am happy with this result. We will get the chance to vote on it, and if it passes, we will take our new, rebranded, streamlined and much less debtridden ILF foward.

Of course this also may force the hand of any predators snooping around to act before May, because there is definitely no sense of a firesale now.

ING will support the transition. Key management will stay with the new fund (and they have done a fantastic job in extremely difficult circumstances IMO). Debt has been slashed and NAV continues to climb. Distributions will, in time, resume.

Anyone see a downside to this? I guess the only one I can see is I'm not likely to get a bulk payout from a takeover...