MPMF Fund Management Decreases Stake in Irish Residential Properties REIT

Irish Residential Properties REIT plc announced a significant transaction that saw MPMF Fund Management (Ireland) Limited scale down its shareholding. On April 30, 2024, MPMF Fund Management's voting rights in the REIT dropped below the 10% threshold, signaling a disposal severe enough to trigger mandatory disclosure to Ireland’s Central Bank.

The notification, regarding the shares of Irish Residential Properties REIT plc, identifies CAPREIT Limited Partnership as the registered shareholder. Following the change, MPMF Fund Management now holds 9.7% of the voting rights, a decline from the previous notification's 10.9%. This adjustment represents major implications for both parties involved.