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What will happen if for any reason SmartCrowd ceases to carry on its business?
What will happen if for any reason SmartCrowd ceases to carry on its business?
Updated over a week ago

In the unlikely event that SmartCrowd is unable to operate on a permanent basis, SmartCrowd will follow its Contingency Plan (CP). Where CP is initiated, all investors will be notified via email of the wind-down, provided with their current investment statement, and will be asked to use the platform to make a decision of whether to sell at current market levels or hold on to the property. If the outcome of a property’s shareholders is to majority hold the investment, the management of the property will be handed over to a predefined Property Asset Manager who will be responsible for administering the SPV, managing the facility manager, communicating with investors, and distributing dividend income. If, at the time that the CP is initiated, and the majority decision of investors is to liquidate the investment, Smart Crowd personnel will manage and oversee the sale of Property and the return of funds to investors proportionately less any costs associated.

For a copy of SmartCrowd’s CP please write to info@smartcrowd.ae

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