Secure Income REIT Brings Forward Placing Closing Date To March 16 (ALLISS)

LONDON (Alliance News) - Secure Income REIT PLC said on Thursday that following strong support from investors, it has brought the closing date of its placing forward by six business days to Friday.

Shares in the real estate investment trust closed up 0.8% at 371.00 pence on Thursday.

Last Friday, Secure Income said it intends to raise GBP315.5 million through a placing of 86.4 million shares at 365.00 pence each. The share price is equal to the trust's net asset value as at December 31, adjusted for the dilution of the placing, it said.

The proceeds will go to the acquisition of two off-market portfolios worth GBP436.0 million.

Stifel is acting as sole bookrunner for the share placing.