Trust Collapses At RCU

In last year's annual report The Trust Company's CEO John Atkin set out the company's strategy as 'leading change through inspiring trust'. They aren't doing much of a job of it. A bit of background for those who haven’t been following Real Estate Capital Partners USA Property Trust. RCU is a stock we’ve owned in the fund for the past 15 months or so. We own 8%, Acorn Capital owns 12%, Regal Funds Management owns 7% and a private investor named Greg Woolley has accumulated 19.8% over the past 12 months. The trust’s responsible entity is The Trust Company,...

In last year's annual report The Trust Company's CEO John Atkin set out the company's strategy as 'leading change through inspiring trust'. They aren't doing much of a job of it.

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