US Masters Residential Property Fund (ASX:URF) announces a share repurchase program. Under the program, the company will repurchase up to 186,504,386 shares, representing 25% of its issued share capital. The program will be funded from existing cash balances and implementation of the fund's announced asset sale program.

The program is subject to shareholder approval which would be obtained at the meeting scheduled to be held on March 1, 2023. The program will be valid till February 29, 2024. As of February 6, 2023, the company had 746,017,544 shares in issue.