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ASPEN GROUP — Capital/Financing Update 2013
Jul 11, 2013
64404_rns_2013-07-11_306554e5-e7c0-4e5d-8c0d-560e96bbd2c0.pdf
Capital/Financing Update
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Aspen Group Limited ABN 50 004 160 927
Aspen Property Trust ARSN 104 807 767
Level 3, Newspaper House 129 St Georges Terrace, Perth Western Australia, 6000
Telephone: 08 9220 8400 Facsimile: 08 9220 8401
Email: [email protected]
MARKET RELEASE
ASX ANNOUNCEMENT 12 July 2013
Settlement of Aspen Diversified Property Fund portfolio
Aspen Funds Management Limited, the responsible entity for the Aspen Diversified Property Fund (‘the Fund’) advises that it has today completed the early settlement of the sale of the six properties in the Fund to Denison Fund Management.
As announced on 19 June 2013, Aspen Group will receive repayment of its loan to the Fund and there will be a capital return on its Preference Unitholding for a total net cash return of approximately $17.0 million, which will be applied to repayment of debt and working capital.
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For further information please contact:
Clem Salwin Brett Fullarton Chief Executive Officer & Managing Director Chief Financial Officer Phone: (+61) 8 9220 8400 Phone: (+61) 8 9220 8400 Email: [email protected] Email: [email protected]
Aspen Group ASX Announcement – settlement Diversified properties July 2013