Home Reit tenants slide into liquidation
Lotus Sanctuary and Gen Liv UK make up 18.2% of the trust’s rent roll
Lotus Sanctuary and Gen Liv UK make up 18.2% of the trust’s rent roll
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Embattled trust’s board reached out to the asset manager for help with their plight
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‘It is clear there have been serious shortcomings in the operations and governance’ says Liontrust, one of its biggest backers
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Law firm seeking compensation on behalf of trust’s shareholders
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Trust received £3.4m out of expected £14.8m for three months to 30 November 2022
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Or will the returns now on offer from cash prove too tempting for investors seeking some safety?
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It will be removed from its indexes if shares remain suspended beyond the end of February
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One of the trust’s main tenants, Lotus Sanctuary, has not paid since August
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Enhanced auditing procedures will go beyond 31 January deadline
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Current management will continue to advise Home Reit portfolio under newly-created entity
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Property company unable to publish full-year results due to enhanced auditing procedures
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Firm has been accused of deviating from original investment philosophy
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