- The rental payment was affected by COVID, which is an event out of their control.
- The supposed “Forensic review” by EHT’s appointed advisory firm was done in bad faith, one which damage the reputation of Urban Commons by attempting to create some appearance of
A SECOND ROUND OF MEDIA-RELEASE BY UC
This is a follow-up article from the previous article titled: Eagle Hospitality Trust (EHT). Hearing Sponsor urban Common side of the story. In that article, I look to summarise the issues facing Eagle Hospitality Trust, a business trust that was widely followed by many Singaporean income investors due to its attractive yield structure.
Alas, the trust was suspended in March 2020, less than one year from its listing date of May 2019. Unitholders did not manage to receive even a single dividend payout when the Trust was abruptly suspended on voluntary ground.
Urban Commons, whom many felt was the cause of Eagle Hospitality Trust “demise”, came out with their side of the story which can be summarised as: