UBS’s desk crossed an $81 million stake in HomeCo Daily Needs REIT before the market opened on Tuesday, representing 3 per cent stake in the company.
UBS’s desk crossed an $81 million stake in HomeCo Daily Needs REIT before the market opened on Tuesday, representing 3 per cent of the company’s shares.
The 61.5 million shares were sold for $1.32 each, representing a skinny 0.8 per cent discount to the last close.Fund managers said UBS lined up buyers for the block trade on Monday night. The most logical seller was Brett Blundy, who owns nearly 10 per cent of the REIT and who had been offloading stock as recently as last week.co-edits Street Talk, specialising in private equity, investment banking, M&A and equity capital markets. He has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.
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