RCU 0.00% 4.3¢ real estate capital partners usa property trust

I have been wondering what was next when these guys put in their...

  1. 350 Posts.
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    I have been wondering what was next when these guys put in their sneaky pre Christmas announcement where they flagegd they would provide further info in February...

    A Trading Halt and would you believe a Cap Raise.

    "The Responsible Entity provides the information set out below in accordance with Listing Rule 17.1. The trading halt is necessary for the reasons that the Responsible Entity is currently negotiating:
    (a) an underwriting agreement prior to announcing a capital raising;
    (b) an extension of the lease of the RSA Bedford Woods property; and
    (c) entry into a forbearance agreement in relation to the Intel Parsippany property.
    At the same time as the negotiations referred to above, the Responsible Entity is finalising RCU’s interim financial report and Appendix 4D for the half-year ended 31 December 2011. The negotiations referred to above are expected to be completed immediately prior to the financial report and Appendix 4D being finalised."

    Point (b) could be good as this represents the bulk of the value from the old Mariner portfolio - hope the blend and extend isn't too painful though.

    Good luck to holders.
 
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Currently unlisted public company.

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