abrdn
Property Income Trust Limited - Return of Capital to Shareholders -
Redemption of Redeemable Bonus Shares
LONDON, United Kingdom, December 10
To:
Company
Announcements
Date:
10 December 2024
Company: abrdn
Property Income Trust Limited
Subject:
Return of
Capital - Redemption of Redeemable Bonus Shares
Subject to
approval by API Shareholders on 17 December
2024, the directors of abrdn Property Income Trust Limited
(the "Company") have announced their intention to make an initial
return of the proceeds of sale of the Company's property portfolio
by way of an initial issue and redemption of Redeemable Bonus
Shares. One Redeemable Bonus Share will be issued for every Company
ordinary share in issue and is proposed to be repurchased
for
52 pence per Redeemable Bonus Share (the "Return of
Capital").
The
timetable for the Return of Capital is as follows:
Ex-Dividend
Date - 17
December 2024
Record
Time -
6.00 p.m. on 18 December
2024
Expected
redemption and cancellation of Redeemable Bonus Shares -
19 December 2024
Payment
Date - By
24 December 2024
Redemption
price per Redeemable Bonus Share - 52.0p
Interim
PID Dividend
The Return
of Capital is in addition to the previously declared interim
Property Income Dividend ("PID") of 3.0p per ordinary share (gross
of any tax adjustments).
As
previously announced, the timetable for the Interim PID is as
follows:
Ex-Dividend
Date -
19 December 2024
Record
Time - 6.00
p.m. on 20 December
2024
Payment
Date - By
10 January 2025
Dividend
per ordinary share - 3.0p
All
Enquiries:
The
Company Secretary
Northern
Trust International Fund Administration Services (Guernsey)
Limited
PO Box
255
Trafalgar
Court
Les
Banques
St Peter
Port
Guernsey
GY1
3QL
Tel: 01481
745436
Fax: 01481
745186