MPMF Fund Management (Ireland) Limited Reduces Its Stake in Irish Residential Properties REIT plc

MPMF Fund Management (Ireland) Limited, acting as the manager of the Irish Residential Properties Sub-Fund 1, has crossed the ownership threshold in Irish Residential Properties REIT plc (IRES), marking a significant decrease in its investments. The fund manager, based in Dublin, Ireland, notified the company as well as the Central Bank of Ireland of this change on February 21, 2024, following transactions carried out on February 20 of the same year.

The entity saw its voting rights share decrease to 17.5%, down from a previous 18.13%. This reduction crosses the 18% threshold, indicating a notable shift in the company's ownership structure. The total voting rights directly associated with the shares now amount to 92,445,425, also representing 17.5% of the total.

The ordinary shares affected by these adjustments are directly attributed to CAPREIT Limited Partnership, highlighting a revised investment strategy or restructuring within their portfolio. No additional financial instruments contribute to this stake, with the focus solely on the ordinary shares.