Newton-based RMR Real Estate Income Fund (RIF) intends to merge with RMR Asia Pacific Real Estate Fund (RAP).

The companies’ respective boards of trustees have approved the merger of RAP into RIF, according to a statement. RIF intends to file a preliminary joint proxy statement/prospectus relating to the reorganization with the Securities and Exchange Commission in the near future.

The proposed reorganization will be submitted to a vote of common shareholders of RAP and common and preferred shareholders of RIF voting together as a single class at special shareholders’ meetings which have been tentatively scheduled for Sep. 20.

RIF also declared a regular quarterly distribution to common shareholders of 42-cents per common share. It will be paid on or about June 30 to holders of record of common shares as of the close of business on June 13.

RMR Real Estate Income Fund To Merge With RMR Asia Pacific Real Estate Fund

by Banker & Tradesman time to read: 1 min
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