Supermarket Income REIT announced its intention to raise £150m in a placing at an issue price of 104p per share, earlier this month.
The issue price represents a discount of 6.3% to the closing price on 16 September 2020 and a 3% premium to its last reported NAV at 30 June 2020.
The group’s investment adviser, Atrato Capital, has a pipeline of investment opportunities totalling in excess of £400m – including target assets worth £135m.
A prospectus has been published, which can be viewed on Supermarket Income REIT’s website, which we urge you to read.
Applications under the offer for subscription close at 11am on 5 October. If all goes to plan, the result will be announced on 7 October and dealing in the shares will start on 9 October.
As always, we aren’t recommending that you buy the stock but we think it is interesting and you might want to read about it. The offer isn’t open to everyone – you should read the disclaimers and the risk warnings in the prospectus.
The intermediary for this offer is Primary Bid.
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