Home REIT has scheduled a general meeting for 21 August 2023 in order to allow shareholders to vote on a raft of changes to its investment policy, including a stabilisation period that would enable the managers to invest in a wider range of assets.
In a stock exchange notice published today (28 July), the board advised shareholders that if they do not approve the proposal, the recent appointment of AEW as AIFM and investment manager will not take effect. The board also revealed rent collection for the period from 1 May to 30 June has fallen to just 7%, which it believes can be remedied by policy overhaul. 'The circle is collapsing': How a demolished house in Lancashire uncovered Home REIT's broken business model Of immediate priority for the board is the introduction of a stabilisation period to "maximise the income and capit...
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