Investment in Aberdeen UK Active Property Fund PLC

RNS Number : 5450S

Alpha Tiger Property Trust Limited

22 November 2011

 



22 November 2011

ALPHA TIGER PROPERTY TRUST LIMITED ("ALPHA TIGER")

investment in aberdeen uk active property fund plc

Further to its announcement on 18 October 2011, Alpha Tiger announces that it has completed its investment in Aberdeen UK Active Property Fund Plc (the "Fund").

Alpha Tiger is investing £7.5m in the Fund by way of a convertible loan earning a coupon of 6% per annum and a 14% redemption premium if not converted.

For further information please contact:

Alpha Tiger Property Trust Limited

David Jeffreys, Chairman, Alpha Tiger                              [phone]

Brad Bauman, Joint Fund Manager, Alpha Tiger                [phone]

Panmure Gordon, Nominated Adviser to the Company

Richard Gray/Andrew Potts/Abhishek Majumdar               [phone]

Notes to editors:

About Alpha Tiger Property Trust

Further information is available at www.alphatigerpropertytrust.com

 

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