Kiwi Income unit holders advised to just say no to Ross

Monday 6 September 2004

Kiwi Income Property Trust unit holders are being warned not to sell to Australian company Ross Securities, which has offered to buy units at 94.75 cents each.

By The Landlord

The listed units closed at $1.07 yesterday, up 1c.

Ross says in the offer document that it buys "securities in companies and trusts which have financial problems and/or which have a limited market".

The company also says it provides "small shareholders with a facility to exit their investment economically".

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