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Investment in Aberdeen UK Active Property Fund PLC

22nd Nov 2011 11:30

RNS Number : 5450S
Alpha Tiger Property Trust Limited
22 November 2011
 



22 November 2011

 

ALPHA TIGER PROPERTY TRUST LIMITED ("ALPHA TIGER")

investment in aberdeen uk active property fund plc

 

Further to its announcement on 18 October 2011, Alpha Tiger announces that it has completed its investment in Aberdeen UK Active Property Fund Plc (the "Fund").

Alpha Tiger is investing £7.5m in the Fund by way of a convertible loan earning a coupon of 6% per annum and a 14% redemption premium if not converted.

 

 

For further information please contact:

Alpha Tiger Property Trust Limited

David Jeffreys, Chairman, Alpha Tiger +44 (0) 1481 735 540

Brad Bauman, Joint Fund Manager, Alpha Tiger +44 (0) 20 7268 0300

 

Panmure Gordon, Nominated Adviser to the Company

Richard Gray/Andrew Potts/Abhishek Majumdar +44 (0) 20 7459 3600

 

Notes to editors:

About Alpha Tiger Property Trust

Further information is available at www.alphatigerpropertytrust.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
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