Kiwi Income unitholders overwhelmingly approve corporatisation

Mon, 15 Dec 2014

By Jonathan Underhill Dec. 15 (BusinessDesk) - Kiwi Income Property Trust unitholders have overwhelmingly voted in favour of corporatisation, completing a year-long transformation that saw the property trust taking management in house by buying out Commonwealth Bank of Australia. A total of 99.9 percent of votes cast were in favour of turning the trust into a company, which is to be called Kiwi Property Group Ltd. Its units will be halted from trading at the close of business to allow them to be redeemed and exchanged for shares in the n...

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