US Masters Residential Property Fund (ASX: $URF) Buy-Back Announcement

US Masters Residential Property Fund (ASX: $URF) has released a new announcement on 15/2/2024 regarding the buy-back of its fully paid ordinary units. The entity intends to buy back up to 71,408,418 securities through an on-market buy-back, with Wilsons Advisory and Stockbroking Limited being the broker. The buy-back is set to commence on 1/3/2024 and end on 28/2/2025. The consideration for the buy-back will be in AUD.

Executive Commentary on the Buy-Back

The US Masters Residential Property Fund is pleased to announce the proposed on-market buy-back of up to 71,408,418 fully paid ordinary units. This decision reflects our commitment to enhancing value for our security holders. We believe that the buy-back presents an opportunity to efficiently deploy capital and optimize our capital structure. The start and end dates have been carefully chosen to provide ample time for the buy-back process, and we are confident in the expertise of Wilsons Advisory and Stockbroking Limited to facilitate the buy-back on our behalf.

Summary of the Announcement

US Masters Residential Property Fund (ASX: $URF) has unveiled its plan for an on-market buy-back of up to 71,408,418 fully paid ordinary units. The buy-back, set to commence on 1/3/2024 and conclude on 28/2/2025, aims to provide an avenue for the efficient use of capital and the optimization of the company's capital structure. The decision underscores the company's dedication to delivering value to its security holders. With the buy-back being executed through Wilsons Advisory and Stockbroking Limited, the company looks forward to the potential benefits this initiative may bring. The announcement signals the company's proactive approach to capital management and commitment to enhancing shareholder value.