FibraInn is looking to internalize its advisory services, as well as itsfinancial and administrative management.
The company has held negotiations for a voluntary early terminationof adviser Asesor Activos Prisma SAPI de CV's contract.
In a letter to holders of the company's certificadosbursátiles fiduciarios inmobiliarios, or CBFIs, technical committee presidentVictor Zorrilla Vargas outlined the benefits of the proposed internalization.An extraordinary shareholders meeting is scheduled for Nov. 11 to vote for theproposed internalization.
The expected benefits include an elimination of adviserfees, reduction of future administration costs, increase in distributions, anda potential higher valuation of CBFIs.
The technical committee is recommending a vote in favor ofthe internalization.