BMO Real Estate Investments Ltd Manager Update

 
TIDMBREI 
 
To:                   RNS 
Date:                19th April 2022 
From:               BMO Real Estate Investments Limited (the "Company") 
LEI:                  231801XRCB89W6XTR23 
 
 
                           Manager and Board Update 
 
Manager Update 
 
Further to the announcement of 31st March 2022, the Board announce that Matthew 
Howard will succeed Peter Lowe as the Company's Lead Manager with effect from 
19th July 2022. Peter Lowe, supported by the wider team of property 
professionals within BMO Real Estate Partners (BMO REP) will continue to manage 
the Company's assets until 19th July at which point Peter's Lead Manager 
responsibilities will transfer to Matthew.   Peter will continue to assist 
Matthew and the wider team, following the transfer of responsibilities, to 
ensure an orderly transition. 
 
Matthew Howard, a Chartered Surveyor, joined BMO REP in July 2017, having spent 
the previous six years at Hermes Investment Management (Now Federated Hermes). 
He is a member of BMO REP's Investment Committee. Matthew is the Fund Manager 
of the RSA Shareholders Real Estate Fund and Deputy Manager of BMO Commercial 
Property Trust. 
 
 
Board Update 
 
On 31 March the Company announced that Vikram Lall, Chairman of the Company 
would be stepping down from the Board later this year.  In light of the change 
in Lead Manager and retirement of Rebecca Gates as a director, the Board feel 
it would be appropriate for Vikram to continue as Chairman beyond this period 
to ensure a smooth transition of responsibilities and provide continuity for 
shareholders.  A process to find Rebecca Gates replacement has commenced and an 
update will be provided in due course. 
 
 
Commenting on the appointment, Vikram Lall, Chairman said 
 
"We are delighted that Matthew will take on the role as our Lead Manager and 
look forward to working with Matthew on building on our impressive NAV 
performance track record. We continue to believe the Company's share price is 
not reflective of Company's value and quality of portfolio.  The Board are 
addressing the fact that the shareholder returns do not match the performance 
of the portfolio." 
 
 
 
Enquiries: 
The Company Secretary 
Northern Trust International Fund Administration Services (Guernsey) Limited 
Trafalgar Court 
Les Banques 
St Peter Port 
Guernsey 
GY1 3QL 
Tel: [phone] 
 
 
Peter Lowe 
Scott Macrae 
BMO Investment Business Ltd 
Tel: [phone] 
 
 
 
 
END 
 
 

(END) Dow Jones Newswires

April 19, 2022 02:00 ET (06:00 GMT)