Rural Funds Group Proposed increase of the Guarantee to J&F Australia Pty Ltd Webinar Transcript
Good morning, ladies and gentlemen. This is James Powell speaking. Today's brief presentation provides information for a unitholder meeting to be held on the 4th of February, which has been convened to approve an increase to the RFF guarantee provided to J&F Australia. Today's presentation will provide information on these arrangements as well as details on how to participate in the meeting.
Today, I'll be joined by Tim Sheridan, Chief Operating Officer; Daniel Yap, Chief Financial Officer; and Sandra Walton, Investor Services Manager. If you have any questions for myself or one of the other panel, please type your question via the question manager tab at the top of your screen, and we will answer it at the end of the presentation.
First, some background on the JBS investments. In August 2018, RFF raised equity to acquire 5 feedlots from JBS Australia for $52.7 million. The location and carrying capacity of these feedlots is set out on the map on this page of the presentation.
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