Fortress loses its Reit status
The change will take effect from February, but the group will remain a listed company with its existing share structure
20 January 2023 - 10:35
Property group Fortress has lost its status as a real estate investment trust (Reit) after losing an appeal against the JSE’s decision as it battled for months to win the approval of shareholders to collapse its dual-share structure.
The change will take effect in February, but Fortress will remain a listed company with its existing share structure...
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