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Standard Life Investments Property Income ( (GB:API) ) has provided an announcement.
abrdn Property Income Trust Limited, operating in the real estate investment sector, has announced a plan to return capital to its shareholders through the issuance and redemption of Redeemable Bonus Shares, contingent on shareholder approval. Each ordinary share will be matched with a Redeemable Bonus Share, set for repurchase at 52 pence each, providing a strategic distribution of proceeds from the company’s property portfolio sale. This move is in conjunction with an interim Property Income Dividend of 3.0 pence per share, indicating a robust financial position and a commitment to rewarding shareholders.
More about Standard Life Investments Property Income
YTD Price Performance: 23.55%
Average Trading Volume: 2,659,287
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £232.2M
For a thorough assessment of API stock, go to TipRanks’ Stock Analysis page.