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Kiwi Income Property Trust – CBA Preliminary Proposal
NZX RELEASE
24 July 2013
Kiwi Income Property Trust – CBA Preliminary Proposal
The Board of Kiwi Income Properties Limited (KIPL), the Manager of Kiwi Income Property Trust (KIP), wishes to advise that it has received a non-binding, indicative, incomplete and conditional proposal from Commonwealth Bank of Australia (the ‘Bank’) to internalise the management of KIP.
The Board has established a sub-committee of Independent Directors to consider the proposal. That sub-committee is requesting further information from the Bank and will also seek independent advice.
First NZ Capital has been appointed as KIPL’s financial advisor.
ENDS
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