(Alliance News) - Investment company Value & Income Trust PLC on Thursday said it has secured a seven-year GBP22 million loan at an interest rate of 3.1% per annum on GBP20.9 million and a rate of 2.35% on the balance of GBP1.1 million.
The net proceeds will be used to acquire further UK properties and equities and to refinance the company's GBP15 million 11% First Mortgage Debenture Stock in 2021.
Value & Income Trust shares were down 0.1% at 254.35 pence each in London on Thursday.
By Ife Taiwo; ifetaiwo@alliancenews.com
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