Ediston Property Investment Company sells entire portfolio in £200m deal
Trust will look to wind down if sale to Realty Income is approved by shareholders
Trust will look to wind down if sale to Realty Income is approved by shareholders
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Shareholders will receive $1.15 per share (92p) if the transaction is completed
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Supportive Homes CIC makes up 11.3% of rent demanded in August
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Lazard set to take over as trust managers in October
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Property sector woes impacting performance
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Trust has intiated a ‘formal and phased’ succession process
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Possible options include a relaunch of the trust
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Trusts are struggling to keep up with interest rates
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Cost disclosure regulation has been called “illegal and irrational” amid an “emergency situation” for investment companies
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The trust has handed over all investment manager duties
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Amber Infrastructure Group named as ‘preferred candidate’
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Whistleblower supported by ‘verified documentary evidence’
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