Oct 14 (Reuters) - 360 Capital Total Return Fund (TOT) : TO...

Oct 14 (Reuters) - 360 Capital Total Return Fund (TOT) :

• TO MERGE WITH 360 CAPITAL TOTAL RETURN FUND
• ENTERED INTO A SCHEME IMPLEMENTATION DEED WITH 360 CAPITAL FM LIMITED
• URB SHAREHOLDERS WILL RECEIVE 0.9833 TOT UNITS FOR EACH URB SHARE THEY HOLD
• BOARD UNANIMOUSLY RECOMMEND THAT URB SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
• IMPLIED VALUE OF CONSIDERATION FOR URB SHAREHOLDERS IS ABOUT $1.16 PER URB SHARE
• SEES FY2020 DISTRIBUTION OF 9.0 CENTS PER TOT UNIT ON AN ANNUALISED BASIS POST MERGER
• SHAREHOLDERS WILL HAVE AN ENTITLEMENT TO TOT DEC QTRLY DISTRIBUTION PAYABLE BY COMBINED GROUP, FORECAST TO BE 2.25 CENTS PER UNIT
• WASHINGTON H. SOUL PATTINSON AND CO LTD IS SUPPORTIVE OF PROPOSED MERGER, INTENDS TO VOTE IN FAVOUR OF IT

Source text http//www.asx.com.au/asxpdf/20191014/pdf/449gcxjky5m5pg.pdf

([email protected])