URF 0.00% 31.0¢ us masters residential property fund

URFPA: Now a speculative buy, page-76

  1. 5,004 Posts.
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    I'm in Melbourne and we're having 2020 all over again, so I have six dividends left on URFPA. The rest of you only get four.

    Section 2.7 of the prospectus states that the fund may buy back CPUs but it requires approval from the unitholders if it intends to buy back more than 10% of the issued units. So it's certainly possible if the fund wants to. But it's hard to imagine that they would want to, given that the fund can convert the units at the start of any six-month period for no cash at all there's no incentive to buy back at all.

 
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