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Standard Life Property Income Trust seeks to raise £9m

12 June 2015 10:15

Standard Life Investments Property Income Trust has announced that it is seeking to raise approximately £9m through a cash placing to institutional investors of new ordinary shares.

The company says it has a number of current opportunities in which to invest the net proceeds of the issue in accordance with its investment policy.

The issue price per new share will be 80.25p, representing a premium of approximately 6% to the company's unaudited net asset value per share of 75.6p as at 31 March 2015 (after adjusting for the dividend paid on 22 May 2015 in respect of the period to 31 March 2015).

At 10:15am: (LON:SLI) Standard Life Investment Property Inc Trust share price was +0.38p at 83.88p

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