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AnalysisInterval FundsThe WrapThe Window

VineBrook Homes Trust expects $30 million buyback at 37% NAV discount

The tender would buy 909,090 Class A shares at $33, filling one in three after 2.75 million were tendered.

VineBrook Homes Trust expects to buy back 909,090 Class A shares at $33 apiece in a $30 million tender offer, according to our tracking.

Roughly 2.75 million shares were tendered, so the offer would fill one of every three shares put to it and leave the majority outside the cash exit.

The $33 price is 37% below the nontraded REIT's net asset value, our records show.

VineBrook's $30M tender fills one of every three shares tendered

Shares put to the offer vs. shares the REIT expects to repurchase

2.8M sharesShares tendered909.1K sharesShares to be repurchased1.8M sharesShares left outside2.8M sharesShares tendered909.1K sharesShares to be repurchased1.8M sharesShares left outside2.8M sharesShares tendered909.1K shares1.8M sharesShares left outside
Source: VineBrook Homes Trust tender documents · PWD tracking
Show as table
LabelValue (shares)
Shares tendered2.8M shares
Shares to be repurchased909.1K shares
Shares left outside1.8M shares

Reported by The Wrap desk from Interval Fund Daily tracking. Published . Corrections

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