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Dipula Income Fund’s dual share concept may be outdated, but there are mixed views about whether Resilient Reit’s proposed R1bn investment in the black-managed fund is a win-win for everyone.

If approved, the R1bn equity raise and share buyback scheme will make Resilient a sizable shareholder of Dipula. More importantly, it will pave the way for Dipula to collapse its split A and B structure...

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