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IN BRIEF: Secure Income and LXi REIT shareholders approve merger

Wed, 22nd Jun 2022 16:04

Secure Income REIT PLC - London-based commercial real estate-focused investment trust - and fellow property investor LXi REIT PLC- 99% of shareholders of both companies vote to approve all-share merger in separate meetings. The remaining conditions outstanding are now a waiver of any conditions in the scheme document, and court approval of the merger.

Secure Income REIT current stock price: 458.00p

12-month change: up 22%

LXi REIT current stock price: 138.20p

12-month change: down 4.1%

By Elizabeth Winter; elizabethwinter@alliancenews.com

More News

18 May 2020 08:07

LXi REIT declares Q1 dividend after NAV return rises

(Sharecast News) - LXi REIT said it expected to declare a first quarter dividend as the commercial property investor reported an increased annual return and said it was in talks to recover unpaid rent.

4 May 2020 07:28

LXI sells two assets for ?2.2m after unsolicited approach

(Sharecast News) - LXI said on Monday that, following an unsolicited approach, it has sold two social housing assets for an aggregate price of ?2.2 million to a specialist fund.

6 Apr 2020 09:38

LXi 'relatively well placed' to deal with Covid-19, confirms final dividend

(Sharecast News) - Real estate investment trust LXi said on Monday that it was "relatively well placed" to deal with the Covid-19 pandemic as the company confirmed that it expects to approve the payment of its final quarterly dividend.

20 Mar 2020 12:36

LXi talks up portfolio strength amid coronavirus turbulence

(Sharecast News) - LXi REIT updated the market on its balance sheet and portfolio on Friday, saying that while it was "too early" to quantify the potential impacts of the Covid-19 coronavirus pandemic, it was "well-placed" to navigate a prolonged period of uncertainty, and to mitigate the associated risks.

9 Oct 2019 10:02

LXi REIT Purchases Three Properties In UK For GBP23 Million

12 Aug 2019 17:16

Bank Of Montreal's Holding In LXI REIT Now Below 5%

(Alliance News) - LXI REIT PLC said on Friday the Bank of Montreal now has a less than 5% stake in the company.Prior to Thursday's disposal, Bank of Montreal held an 8.3% stake in the

22 Jul 2019 11:48

LXI REIT Enters GBP100 Million Loan To Gear Equity Raise Proceeds

(Alliance News) - LXI REIT PLC on Monday said it has agreed a GBP100 million revolving credit facility which is intended to gear the proceeds of an equity raise.In June, the real estate a a

19 Jul 2019 12:56

LXi REIT Makes Six Acquisitions For GBP55 Million In Total

(Alliance News) - LXi REIT PLC said Friday it has made six long-let, index-linked acquisitions for a combined total of GBP55 million and an average net initial acquisition yield of 5.83%.As

25 Jun 2019 13:55

LXi REIT Announces Numerous UK Acquisitions For GBP135 Million Total

(Alliance News) - LXi REIT PLC on Tuesday said it has made a number of acquisitions for a total combined investment of GBP135 million for an average net initial yield of 5.7% net of acquisitions a

25 Jun 2019 11:56

LXI REIT makes several acquisitions following ?200m equity issue

(Sharecast News) - LXI REIT announced a number of acquisitions for a combined total of £135m on Tuesday, reflecting a weighted average net initial yield of 5.7%, following the £200m equity issue it reported on 13 June.

13 Jun 2019 11:17

LXi REIT Raises GBP200 Million In Oversubscribed Share Issue (ALLISS)

(Alliance News) - LXi REIT PLC said Thursday it has raised around GBP200 million through a "significantly oversubscribed" share issue, double from the initial fundraising a placing, open

5 Jun 2019 13:45

LXI REIT Proposes First Interim Payout Of 1.44 Pence Per Share

LONDON (Alliance News) - LXI REIT PLC on Wednesday proposed a 1.4375 pence per share dividend in respect of the year ending March 2020.The dividend will be paid to shareholders on the on on

20 May 2019 11:01

LXi REIT Proposes GBP100 Million Fundraise, Reports Strong Year (ALLISS)

LONDON (Alliance News) - LXi REIT PLC said Monday it saw a strong performance in its recently ended financial year, leading to an increased dividend target for the current year.In addition,

13 May 2019 16:02

UK Earnings, Trading Statements Calendar - Next 7 Days

Tuesday 14 May Vodafone GroupFull Year ResultsDCCFull Year ResultsITE

26 Apr 2019 12:20

LXi buys a gym and a garden centre, sell off social housing

(Sharecast News) - Specialist inflation-protected very long income real estate investment trust LXi REIT announce a number of accretive acquisitions and profitable disposals on Friday.

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IN BRIEF: Secure Income and LXi REIT shareholders approve merger

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