Fortress must meet minimum distribution requirement of a Reit by October 31
Fortress could lose its status as a real estate investment trust (Reit) and will speak to the JSE after a split in voting on its dual share structure at its AGM left the company adrift.
Most of the company’s A and B shareholders voted against a proposed share scheme on Wednesday, in which Fortress sought to exchange each A-ordinary share for 3.01 B-shares...
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