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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Abrdn Property Income Trust Limited | LSE:API | London | Ordinary Share | GB0033875286 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.50 | 0.98% | 51.50 | 50.90 | 51.40 | 51.70 | 50.80 | 51.20 | 582,292 | 16:29:58 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Real Estate Agents & Mgrs | 31.11M | -51.05M | -0.1339 | -3.85 | 196.33M |
STANDARD LIFE INVESTMENTS PROPERTY INCOME TRUST LIMITED To: RNS From: Standard Life Investments Property Income Trust Limited Date: 29 October 2014 CONVERSION TO UK REIT As noted in the annual report and financial statements for the year ended 31 December 2013 the Board of Standard Life Investments Property Income Trust Limited (the "Company") recently completed a review of the tax efficiency of the Company's present structure and concluded that it would be in the best interests of the vast majority of Shareholders if the Company becomes a UK based real estate investment trust (a "REIT"). Accordingly, the Company has today published a circular to Shareholders (the "Circular")in connection with the proposals for the Company to become tax resident in the UK for the purposes of entering into the UK REIT regime (the "Proposals") and proposing a resolution to make the necessary amendments to the Company's articles of incorporation (the "Articles") in connection with the Proposals. The Proposals are conditional on Shareholders approving the amendments to the Articles and are expected to become effective on 1 January 2015. The General Meeting will be held at 10.00 a.m. on 20 November 2014 at Trafalgar Court, Les Banques, St. Peter Port, Guernsey GY1 3QL. A copy of the Circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM. For further information please contact: Standard Life Investments 0131 245 2735 Gordon Humphries, Investment Director Winterflood Securities Limited Graeme Caton 0203 100 0268
Copyright r 27 PR Newswire
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