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News: ENN Elanor Investors Group Announces Sale Of Auburn Central Asset

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    19/11/20
    09:50
    Post #: 48980009

    Nov 19 (Reuters) - Elanor Investors Group (ENN) :

    • SALE OF AUBURN CENTRAL ASSET,ENN-ERF.AX
    • SALE OF AUBURN CENTRAL FOR $129.5 MILLION
    • POST DEAL, PRO-FORMA NTA PER SECURITY INCREASES TO $1.41 FROM $1.34
    • ELANOR RETAIL PROPERTY FUND TO START ON-MARKET BUYBACK TO BUY UP TO 10% OF SECURITIES ON ISSUE
    • INTENDS TO REINSTATE FUND DISTRIBUTIONS WHICH WERE SUSPENDED
    • ERF INTENDS TO REPAY $94.1 MILLION IN DEBT FROM PROCEEDS OF SALE
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