Today activist short seller Bonitas Research released a document in response to a webinar held by Rural Funds Management (RFM) as responsible entity of Rural Funds Group (ASX: RFF).
In the interests of providing all investors with access to all information, the document from Bonitas Research can be found at the link below:
In response to the Bonitas document, RFM engaged Clayton Utz to instruct an expert to independently investigate the matters raised and assess RFM’s rejection of each of the claims made in the document.
The independent investigation conducted by Ernst & Young (EY) concludes that the assertions contained within the Bonitas document are not substantiated. Further, EY have corroborated the response provided by RFM on 7 August 2019. The full report prepared by EY is attached.