Emerald Gisborne completes asset sales, affirms 40c payout in June, final payment in August

Mon, 20 Jun 2016

By Jonathan Underhill June 21 (BusinessDesk) - Emerald Gisborne Property Trust, the hotel investor set up as part of the recapitalisation of the financier and insurer now known as Turners, says it has completed the sale of its remaining assets. That will allow it to affirm a distribution at the end of this month and a final payout in August. The sale of the trust's Emerald Hotel settled on June 14 and the remaining properties in the complex, an apartment and a penthouse, have subsequently been sold and settled, said the Turners-owned Emer...

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