Standard Life Investments Property Income (GB:API) has released an update.
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Standard Life Investments Property Income Trust has successfully completed the sale of its entire investment property portfolio, excluding its interest in Far Ralia, to GoldenTree Asset Management LP for £351 million. The company plans to return substantial capital to shareholders and eventually delist and liquidate. Proceeds from the sale will be managed in a AAA-rated liquidity fund.
For further insights into GB:API stock, check out TipRanks’ Stock Analysis page.
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