5th Sep 2014 12:11
LONDON (Alliance News) - F&C Commercial Property Trust Ltd Friday said it has raised GBP50 million in new share capital.
The FTSE 250-listed investment trust issued 40.7 million shares in the deal.
The move comes after the trust last week posted pretax profit of GBP94.4 million for the six months ended June 30, up from GBP26.8 million a year earlier, following valuation gains of GBP83.3 million compared with just GBP15.1 million a year earlier.
F&C Commercial Property Trust shares were down 1.5% to 124.7 pence on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
F&C Commercial Property Trust