6 December 2021 Update: The vote on the proposed merger has been deferred until early February 2021. The Manager is expected to provide an update to unitholders in advance of a new date being set.
Core Property has reviewed the proposed merger of the Australian Unity Diversified Property Fund (“DPF”) with the Australian Unity Office Fund (ASX: AOF).
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.
Core Property has provided a report which reviews the issues for existing and eligible unitholders in DPF to consider when voting. The vote will take place via an online meeting at 10.00am on 10 December 2021.
Click here to download the Full Report.