Texton shareholders should take cash from offer and run

The best chance at turning around the perennially struggling  Texton Property Fund is probably to delist it first.

As a real-estate investment trust (Reit), Texton is supposed to pay a minimum of 75% of its distributable earnings as a dividend each year. It and many other property funds have put dividends on hold, blaming uncertainty around the Covid-19 pandemic and a need to raise cash...

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