Apointment of Joint Broker

RNS Number : 1002M

Picton Property Income Limited

10 August 2011

 



10 August 2011

PICTON PROPERTY INCOME LIMITED

("Picton" or the "Company")

Appointment of Joint Broker

The Board of Picton announces that Oriel Securities Limited has been appointed as the Company's Joint Corporate Broker, with immediate effect.

It will act alongside the Company's existing broker, JPMorgan Cazenove.

For further information: Northern Trust David Sauvarin The Company Secretary Northern Trust International Fund Administration Services (Guernsey) Limited Trafalgar Court Les Banques St Peter Port Guernsey GY1 3QL Tel:  [phone] Fax; 01481 745085 Financial Dynamics                 Dido Laurimore [e-mail]   Laurence Jones [e-mail] Tel: [phone] Oriel Securities Limited Mark Young Nicholas How Tel : [phone] ING Real Estate Investment Management (UK) Limited Helen Stott, [e-mail] Tel: [phone] Picton Capital Limited Michael Morris [e-mail] Tel: [phone]

Notes to Editors

Picton Property Income Limited* ('Picton'), a closed-end investment company listed on the London and Channel Islands Stock Exchanges, was established in 2005 to invest both directly and indirectly in commercial property across the United Kingdom.

With a property portfolio of GBP 426 million, a Net Asset Value of GBP 209 million at June 2011 and over 900 investors, the Company objective is to provide shareholders with an attractive level of income, together with the potential for capital growth by investing in the principal commercial property sectors.

On the 1 January 2012 the Company will become a self managed property investment company with Picton Capital Limited, a wholly owned subsidiary of Picton Property Income Limited, taking over investment management from ING REIM UK Limited.

*Picton Property Income Limited changed its name from ING UK Real Estate Income Trust Limited on 1 June 2011.

 

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