SEC Eyes Minimum Public Float for REIT Companies

The Securities and Exchange Commission (SEC) is proposing possible changes to the implementing rules and regulations of the Real Estate Investment Trust (REIT) Act. It is looking at a minimum public float of between 33 percent and 43 percent for REIT companies. This is part of the plan to revive the stalled measure in a move aimed at deepening the capital market. Companies that own and operate income-generating real…

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