News

Weekly briefs

Monday 29th of November 1999
The New Zealand Rural Property Trust is due to make a $6.9 million capital repayment to unitholders on December 17.

The repayment, of 12.5 cents per unit, has come about as part of the trust's move to a closed end structure.

Chief executive Tim Ryan says under the open-ended structure the money would have been used to fund unit redemptions.

Making a capital repayment was a cap...

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