This article is from the Australian Property Journal archive
360 Capital Investment Management's move to dump Fife Capital Funds as the responsible entity for the Australian Industrial REIT has failed.
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-qformat:yes;
mso-style-parent:”;
mso-padding-alt:0cm 5.4pt 0cm 5.4pt;
mso-para-margin:0cm;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:”Times New Roman”,”serif”;
mso-fareast-language:EN-US;}
A meeting of unitholders at yesterday`s meeting voted against the motion with 75% of unitholders backing Fife Funds.
The 360 Capital Industrial Fund is the largest unitholder in ANI, controlling 30% of interest.
Fife Funds` independent chairman Rod Pearse said the result of the meeting reflects the ongoing support of ANI unitholders for Fife Funds.
Australian Property Journal
