Sponsor eligibility for investment trusts requires minimum unit holding, financial strength, and demonstrated real estate, infrastructure, or fund-management experience. Sponsor eligibility for an Investment Trust requires each sponsor to maintain a minimum post-initial-offer unit holding, subject to restoration within one ... Summary
Sponsor eligibility for investment trusts requires minimum unit holding, financial strength, and demonstrated real estate, infrastructure, or fund-management experience.
Sponsor eligibility for an Investment Trust requires each sponsor to maintain a minimum post-initial-offer unit holding, subject to restoration within one year if the holding declines. Corporate and limited liability partnership sponsors must meet prescribed financial strength requirements, with separate individual and collective net-worth thresholds for REIT sponsors. Sponsors or their associates must also demonstrate a sound track record in relevant real estate, infrastructure, or sectoral fund-management activities.
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