Strategic Consolidated Income Fund Executes Major Disposition
Strategic Disposition of Units by SCIF LLC
In a significant move, Strategic Consolidated Income Fund LLC, commonly referred to as SCIF LLC, has announced a noteworthy transaction involving its units in Dream Residential Real Estate Investment Trust, known as Dream REIT. This decision marks a strategic step as SCIF LLC adapts its investment strategy to optimize returns.
Details of the Disposition
SCIF LLC recently completed the sale of 1,599,000 Units in a single block trade, executed through the Toronto Stock Exchange. The transaction was conducted at a price of US$10.60 per Unit, culminating in total proceeds of approximately US$16,949,400. Such transactions not only reflect market conditions but also the strategic adjustments of investment firms like SCIF LLC.
Investment Holdings and Adjustments
Before the disposition, SCIF LLC held a total of 3,278,128 Units of Dream REIT, which constituted around 20.5% of all issued Units. After the sale, SCIF LLC now retains 1,679,128 Units, translating to roughly 10.5% of the outstanding Units. Moreover, if all Class B Units were converted, SCIF's ownership would equate to approximately 8.5% of the total Units, underscoring its influence within the REIT structure.
Future Strategies and Market Outlook
Looking ahead, SCIF LLC may decide to sell its remaining Units at prevailing market prices or might consider private transactions to maximize its investment outcomes. Alternatively, the company may choose to hold Units until the completion of a previously announced going-private transaction involving Dream REIT.
Contact Information and Operational Insights
For further inquiries regarding the recent transactions or general operations, SCIF LLC's contact details are as follows: its head office is located at 955 Keller Road, Suite 1500, Altamonte Springs, FL 32714. Additionally, Dream REIT's head office is situated at a prime location, providing support for its operational frameworks.
Understanding SCIF LLC's Structure
SCIF LLC operates under the legal framework established in the State of Delaware, functioning as an alternative asset investment vehicle. This structure allows SCIF to navigate varying market conditions effectively, adapting its strategies as necessary.
Further Insights on Dream REIT
Dream REIT remains a vital component in SCIF's investment portfolio. As an entity known for its dynamic approach to residential real estate, Dream REIT's performance is closely monitored by SCIF and other investors alike. Their interactions within the market set the stage for strategic partnerships and future collaborations.
Frequently Asked Questions
What is SCIF LLC's recent action involving Dream REIT?
SCIF LLC disposed of 1,599,000 Units of Dream REIT in a strategic transaction to optimize its investment strategy.
How did SCIF LLC execute the Block Trade?
The transaction was conducted on the Toronto Stock Exchange, with a per Unit price of US$10.60, totaling approximately US$16,949,400.
What percentage of Units does SCIF LLC currently own?
Post-disposition, SCIF LLC owns 1,679,128 Units, which is about 10.5% of all outstanding Units.
What are SCIF LLC's future plans for its units?
SCIF LLC may either sell the remaining Units or hold them until the completion of a significant transaction involving Dream REIT.
Where can I find more information on SCIF LLC?
For more detailed insights, you can contact SCIF LLC directly at their listed office in Altamonte Springs, FL.
About The Author
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