RFF rural funds group
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News: RFF Rural Funds Group Updates On Poultry Asset Sale

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    28/11/19
    19:30
    Post #: 41693737

    Nov 28 (Reuters) - Rural Funds Group (RFF) :

    • RURAL FUNDS MANAGEMENT ENTERS DEALS FOR SALE OF CO'S POULTRY ASSETS TO PROTEN INVESTMENT MANAGEMENT AS TRUSTEE FOR PROTEN FOR $72M
    • RURAL FUNDS MANAGEMENT REAFFIRMS FY20 FORECAST ADJUSTED FUNDS FROM OPERATIONS OF 13.4 CPU AND DISTRIBUTIONS OF 10.85 CPU
    • SETTLEMENT OF TRANSACTION IS EXPECTED TO OCCUR BY 31 DEC
    • PROCEEDS FROM SALE TO BE PARTIALLY USED TO FUND ACQUISITION OF 3 WA CATTLE PROPERTIES FOR $22.6M, EXPECTED TO SETTLE IN JAN 2020
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