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BRIEF-Rural Funds says responsible entity & manager of group to undertake entitlement offer
June 6, 2017 / 11:52 PM / 3 months ago

BRIEF-Rural Funds says responsible entity & manager of group to undertake entitlement offer

June 7 (Reuters) - Rural Funds Group

* Responsible entity & manager of Rural Funds Group announces that it will undertake a $78.6 million entitlement offer

* RFF will use proceeds of entitlement offer to reduce gearing from 42.7% to 29.5%, following debt funded acquisition of two assets

* FY17 DPU expected to be 9.64 cents

* FY18 DPU is forecast to be 10.0 cents Source text for Eikon: Further company coverage:

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