The Financial Conduct Authority (FCA) has opened an investigation into Home Reit, covering the period between the trust’s IPO in October 2020 and the suspension of its shares on 3 January 2023.
In a stock exchange announcement this morning (13 February), the trust said it would fully cooperate with the regulator.
Home Reit was one of the largest investment trust initial public offerings of 2020, raising £240m.
However, uncertainty over the trust’s future intensified in 2023 following a series of issues over the last year, including the collapse of its rent roll, delayed annual results leading to de-listing from FTSE indexes, and accusations from shareholders over a lack of adherence to its investment policy.
Last week, the firm said it expects to publish its delayed annual results in Q2.
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