REG-abrdn Property Income Trust Limited: Return of Capital to Shareholders - Redemption of Redeemable Bonus Shares

abrdn Property Income TrustAnnouncement

10/12/2024 16:00

abrdn Property Income Trust Limited - Return of Capital to Shareholders -
Redemption of Redeemable Bonus Shares

LONDON, United Kingdom, December 10

 

To:             Company Announcements

 

Date:         10 December 2024

 

Company:  abrdn Property Income Trust Limited

 

Subject:     Return of Capital - Redemption of Redeemable Bonus Shares

 

Subject to approval by API Shareholders on 17 December 2024, the directors of
abrdn Property Income Trust Limited (the "Company") have announced their
intention to make an initial return of the proceeds of sale of the Company's
property portfolio by way of an initial issue and redemption of Redeemable
Bonus Shares. One Redeemable Bonus Share will be issued for every Company
ordinary share in issue and is proposed to be repurchased for

52 pence per Redeemable Bonus Share (the "Return of Capital").

 

The timetable for the Return of Capital is as follows:

 

Ex-Dividend Date -  17 December 2024

 

Record Time -    6.00 p.m. on 18 December 2024

 

Expected redemption and cancellation of Redeemable Bonus Shares - 19 December
2024

 

Payment Date -  By 24 December 2024

 

Redemption price per Redeemable Bonus Share - 52.0p

 

 

Interim PID Dividend

 

The Return of Capital is in addition to the previously declared interim
Property Income Dividend ("PID") of 3.0p per ordinary share (gross of any tax
adjustments).

As previously announced, the timetable for the Interim PID is as follows:

Ex-Dividend Date -    19 December 2024

 

Record Time -            6.00 p.m. on 20 December 2024

 

Payment Date -         By 10 January 2025

 

Dividend per ordinary share - 3.0p

 

 

 

All Enquiries:

 

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

PO Box 255

Trafalgar Court

Les Banques

St Peter Port

Guernsey

GY1 3QL

 

Tel:  01481 745436

Fax: 01481 745186

 

 



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