US Masters Residential Property Fund's responsible entity's issuance of A$300 million of convertible step-up preference units has surpassed the minimum subscription, receiving in excess of A$100 million of applications.
Walsh & Co. Investments Ltd. priced the units at A$100 apiece for the 3 million units that it plans to issue. The issuance is expected to take place on or around Dec. 22.
The units are slated to be listed on the Australian Securities Exchange on Dec. 28, according to a company release.
