The Ediston Property Investment Company (EPIC) has launched a strategic review that could see it either merge with another REIT or sell its portfolio assets and return proceeds to shareholders.
In a London Stock Exchange notice this morning (16 March), the board of the real estate investment trust said it is undertaking a strategic review of the options available to the fund to maximise value for shareholders. The board of EPIC, which holds £280m in assets, said it has a preference for structuring a merger with one or more REITs, but will consider all options available. This could include selling the entire share capital of the fund, undertaking some other form of consolidation, combination or merger, and selling the trust's portfolio assets and returning proceeds to share...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
