SLI.L Regulatory News (SLI)

Standard Life Investments Property Income: Research update

4 July 2017

Standard Life Investments Property Income Trust ("SLIPIT") is a diversified portfolio of direct UK commercial properties run via a highly-active, hands on approach.

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Highlights:

· A diversified UK commercial property trust run by an experienced team who use a highly active, hands on approach

· Strong performance of outperformance over the medium term thanks to differentiated investment process, though moves to de-risk and futureproof the portfolio have weighed on NAV returns and dividend cover in Q1 2017

· Nevertheless, the manager's has been making changes to accommodate Brexit uncertainty and potentially slower economic growth

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Standard Life Investments is a client of Kepler Trust Intelligence. Research produced by Kepler Trust Intelligence covering Standard Life Investments Property Income should be considered a marketing communication, and is not independent research.

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