Rural Funds responds to short seller report

Company News

by Anna Napoli

Rural Funds (ASX:RFF) has provided a further response to a report published by Hong Kong-based Bucephalus Research.

Last Wednesday Rural Funds said the document’s criticisms were substantially similar to those made in the recent documents selectively released by short seller Bonitas.

Today, Rural Funds says that four key statements made by Bucephalus were false and misleading, including that “RFF’s unitholders… are inadvertently being drawn into a Ponzi scheme.”

Rural Funds has separately commenced proceedings against short seller Bonitas in the Supreme Court. It rejects the allegations made by Bucephalus, and urged investors to consider its rebuttal “corroborated by EY” and six years of audited accounts.

Shares in Rural Funds (ASX:RFF) are trading 4 per cent higher at $1.69 at 10.45am.
 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.