Jan 17, 2018
The Board of Fortress Caribbean Property Fund Limited SCC (“the Fund”) advises that an agreement has been reached between Fortress Fund Managers Limited (“Fortress”) , Alleyne, Aguilar & Altman Limited (“Altman Real Estate”) and Eppley Fund Manager Limited (“Eppley”) pursuant to which Eppley, a wholly owned subsidiary Eppley Limited, will assume all investment management and advisory responsibilities for the Fund.
Under the agreement, Eppley will acquire the unlisted common shares of the Fund now held by Fortress and Altman Real Estate and will also assume control and management of the Fund.
This agreement has received the full support of the Fund’s Board, but remains subject to regulatory and other approvals.
The Trinidad and Tobago Stock Exchange Limited
Wednesday January 17th 2018