Eurocastle Investment announces final results of tender offer, for €84m cash return to shareholders

Eurocastle Investment has today announced the final results of its tender offer to return a maximum of €84m in cash to shareholders.

Eurocastle said it had accepted tenders for 8.4m shares at a fixed price of €10.00 per share.

The publicly traded closed-ended investment company, focused on investment in performing and non-performing loans and other real estate related assets in Italy, sent a circular, on 19 October 2017, to shareholders concerning a proposed tender offer for the repurchase of ordinary shares in the company for a fixed price of €10.00 per share to return the maximum amount.