JSE intends stripping Fortress of its Reit status
The company, constrained by its dual share structure, has not submitted a compliant Reit declaration as required
02 December 2022 - 05:00
Fortress Reit says it will object to the JSE’s intention to remove its real estate investment trust (Reit) status after it failed to submit a compliant Reit declaration on November 30.
The company has been battling to collapse its dual-share structure after shareholders rejected its proposal to merge its A and B shares...
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