As liquidity concerns repel them from open-ended funds
Commercial property investment trusts stand out as one of the most attractive sources of income in the market today, according to Philip Matthews, co-manager of the TB Wise Multi-Asset Income Fund.
While investors continue to avoid open-ended property funds owing to liquidity concerns, Matthews said the yield on offer within UK commercial property investment trusts makes them an appealing source of income, after what has been a tough year for the sector.
“Despite entering the covid crisis on depressed share prices following three years of uncertainty post the Brexit vote, the impact of covid has seen the net asset values (NAV) of many quoted property companies reduced by valuers in the face of material uncertainty over the sector’s outlook,” he said.
Standard Life Investments Property Income Trust - Notice of Annual General Meeting
PR Newswire
(an authorised closed-ended investment company incorporated in Guernsey with registration number 41352)
LEI Number: 549300HHFBWZRKC7RW84
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the 2021 Annual General Meeting of the Company will be held at the offices of Dickson Minto, 16 Charlotte Square, Edinburgh, EH2 4DF on 16 June 2021 at 09:00am.
The Notice of AGM together with the Annual Report and Accounts for the year ended 31 December 2020 has been posted to shareholders.
As set out in the Annual Report and Accounts, the Board has been monitoring closely the ongoing impact of the Covid-19 pandemic upon the arrangements for the Company s upcoming AGM. Elements of the National Lockdown remain in place and shareholder attendance at AGMs is not legally permissible. Therefore, in order to provide certainty, whilst encouraging and promoting interaction and engagement with our
Standard Life Investments Property Income Trust - Investment Transactions
PR Newswire
LEI 549300HHFBWZRKC7RW84
SLIPIT Investment Transactions
Standard Life Investments Property Income Trust Limited (SLIPIT) has completed a further sale as part of its portfolio review.
The most recent sale was an out of town office building in Farnborough let to BAE. Following a detailed review of the offices in the portfolio it was felt this asset would not meet future occupier requirements, even with significant capex. The other office sale (announced in the recent NAV statement) was located on a business park in Dartford. The combined sale price of £12.4m was 5.5% below the end Dec valuations (driven by Farnborough). Both offices were over rented and the tenant was not in occupation (but had sublet some of the accommodation).
Standard Life Investments Property Income Trust - Holding(s) in Company
PR Newswire
1. Issuer Details
UK or Non-UK Issuer
3. Details of person subject to the notification obligation
Name
Leicester
United Kingdom
Name
Mattioli Woods multi-asset funds held under Societe Generale
Leicester
5. Date on which the threshold was crossed or reached
05-May-2021
06-May-2021
.
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B)
Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached
8.998500
9.029100
9.029100
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached