Takeover by stealth Becoming a substantial holder ??? Why did this notice not trigger takeover provisions
THE LATEST FROM BROOKFIELD This 3 for 1 offer will result in a further transfer of wealth to BROOKFIELDS ???
Brookfield Multiplex Capital Management Limited (BMCML),Under the proposed Rights Issue, eligible unitholders (being unitholders with a registered address in Australia, New Zealand and any other eligible jurisdictions) will be invited to participate on a pro-rata basis to their existing holdings to acquire ordinary units issued at a price of $0.05 payable on application. The Rights Issue will allow eligible unitholders to purchase another 3 units for every 1 unit they currently own.Brookfield Multiplex Capital Management Limited (BMCML), the Responsible Entity of Multiplex Acumen Property Fund (MPF or the Fund), announces that a conditional underwriting agreement has been signed with a wholly owned subsidiary of the Brookfield Multiplex Property Trust (Brookfield Multiplex) to conduct a capital raising by way of a $30.4 million rights offering of ordinary units to all unitholders (Rights Issue). In addition, a wholly owned Australian subsidiary of Brookfield Asset Management Inc. (Brookfield Lender) has agreed to provide a new $20.0 million line of credit to the Fund (Investment Facility).
MPF Price at posting:
5.4¢ Sentiment: Hold Disclosure: Held
