APN Convenience Retail REIT (ASX Code: AQR): New name and ASX ticker code
We are pleased to announce that Convenience Retail REIT will be renamed ‘APN Convenience Retail REIT’ effective from 19 February 2019. From this date the ASX ticker code will also change from CRR to ‘AQR’.
The main drivers for the name change are to:
- Provide Convenience Retail the full benefit of its sponsorship from APN Property Group. APN manages over $2.8 billion of real estate and real estate securities investments. APN has been investing in property for over 20 years as a specialist manager with an income-focused investment philosophy and has established relationships with investors, agents, advisors, tenants, financiers and other market participants; and
- Simplify Convenience Retail’s market positioning for tenants, existing and potential investors and other stakeholders.
This change will provide the Fund with better leverage from its sponsorship and coinvestment from APN Property Group including its established relationships and market position. It is a simple and low-cost way of ensuring we’re capturing all opportunities across the APN platform and generating greater value for all investors.
There will be no changes to the Fund’s market-leading governance structure. APN Convenience Retail REIT will continue to have an independent Board, with a simple and transparent fee structure. APN Property Group Limited continues to be a major co-investor, with over $26 million invested alongside APN Convenience Retail REIT’s other securityholders.
ASX requires a change of ticker code as a result of the name change.
What do you need to do?
You are not required to do anything. From 19 February 2019, the Fund’s new name and ticker code will be reflected on future holding statements.
If you have any queries regarding your holding, please contact the Investor Information Line on 1300 554 474 (within Australia) or +61 1300 554 474 (overseas). Alternatively, please email firstname.lastname@example.org.