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US Harlem

US Masters Residential Property Fund’s Share Buyback

Aug 4, 2023 – Australian listed US Masters Residential Property Fund (URF) has purchased another 306,036 units, adding to the 26 million securities bought back previously, according to a stock exchange filing.

Launched in 2011 by Evans Dixon (now E&P Financial Group), URF invests in residential property in the US. Its unit price has been on a decline in the last few years.

E&P Financial Group and K2 Asset Management are in a battle with Samuel Terry Asset Management, which owns 12.7% of URF, around the best way to handle the troubled fund, reported the Financial Review.

Australia's URF