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Australian Unity Diversified Property Fund

Review of Proposed Merger with the Australian Unity Office Fund (ASX: AOF)

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Unitholders in the Australian Unity Diversified Property Fund (“DPF”) have been invited to vote on a proposed merger of DPF with the Australian Unity Office Fund (ASX: AOF), at an online meeting at 10.00am on 10 December 2021. This report provides a review of the issues for unitholders to consider for voting, and the implications for unitholders thereafter.

The proposed merger would involve all of the units in the Diversified Property Fund to be acquired by the Australian Unity Office Fund (ASX: AOF). The new, combined entity would be renamed as the Australian Unity Property Fund (“AUPF”) and continue to be listed on the ASX.

In order for the merger to proceed, the proposal will need to be

  • approved by a Special Resolution by DPF investors (where 75% of all votes cast must be in favour of the proposal),
  • approved by an Ordinary Resolution by AOF investors (where 50% of all votes cast must be in favour of the proposal), and
  • receive regulatory and court approvals.
All investors will be bound by the outcome of the votes. As such, investors are encouraged to vote to ensure their interests are appropriately represented.


 

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This publication is not and should not be construed as, personal financial product advice, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information (general financial product advice) only. Read more here.