The company's share exchange proposal will result in R1.7bn in distributable earnings if approved 🔒
In a bid to retain its real estate investment trust status, Fortress has proposed a share exchange that will result in Fortress A shareholders receiving 80% of Fortress’s distributions going forward with the remaining 20% going to Fortress B shareholders.This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A look at Jeep’s new R1.26 million bakkie launching in South AfricaJeep has announced pricing and details for its new Gladiator pickup, which the group is positioning as its ‘ultimate adventure vehicle’ in the South African market.
Read more »
Omnia rewards shareholders with another R1.4bnOmnia expects stronger demand for biological products, and is expanding its presence in the US and EU markets. Moneyweb companynews
Read more »
Ankole bull at Phala Phala auctioned for R1.65mThe highest selling bull at the 2022 national ankole live auction on Saturday at Phala Phala Wildlife - a game farm owned by President Cyril Ramaphosa - sold for R1.65m.
Read more »
Vodacom has spent R1.7 billion on batteries in the past two years | BusinessinsiderVodacom Group CEO, Shameel Joosub says the mobile operator has spent R1.7 billion on batteries as a response to load shedding. Rampent battery theft has, however, created another problem. | BISouthAfrica
Read more »
Ankole bull at Phala Phala auctioned for R1.65mThe highest selling bull at the 2022 national ankole live auction on Saturday at Phala Phala Wildlife - a game farm owned by President Cyril Ramaphosa - sold for R1.65m.
Read more »
4 budget cars that will cost you less than R1 000 to fill once petrol hits R27 a litre | WheelsThe fuel price will rise further in the coming months as the War in Ukraine persists. It's now more important than ever to consider the car you're driving if you want to keep your mobility costs under control. | Wheels24
Read more »