Portfolio Sale
August 31 2007 - 1:04PM
UK Regulatory
RNS Number:1335D
Standard Life Invs Property Inc Tst
31 August 2007
31 August 2007
Standard Life Investments Property Income Trust Limited
Re: Portfolio sale
Following the recent portfolio sale SLIPIT has repaid #9.85m of debt under the
RCF. No repayment fee was payable. The repayment has reduced gearing to 30%. The
company plans to reinvest the remaining funds from the portfolio sale and has
identified two opportunities already.
The RCF with RBS has been reduced from #20m to #5m to reduce non utilisation
costs as the company does not intend to materially increase gearing in the short
term.
All Enquiries:
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL
Tel: 01481 745529
Fax: 01481 745085
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISILFIDTFILVID
Abrdn Property Income (LSE:API)
Historical Stock Chart
From Jun 2024 to Jul 2024
Abrdn Property Income (LSE:API)
Historical Stock Chart
From Jul 2023 to Jul 2024