Duet Real Estate Finance : DREF – trading update

DREF has announced today that the master fund has realised three of its mezzanine loan investments (numbered one, three and eight – DREF does not report who it lends money to but these borrowers were against a retail property in Denmark, against eight hotels in Germany and against an office and light industrial park in France).

In total DREF got back £10m or 13.35p per share and intends to distribute most of this alongside its next quarterly dividend – details to be published in February.

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