9th Dec 2005 16:00
Teesland Advantage Property Inc Tst09 December 2005 TEESLAND ADVANTAGE PROPERTY INCOME TRUST LIMITED (the "Company")PROPOSED EQUITY ISSUE The Company is in advanced negotiations to acquire a portfolio of properties.The acquisition would be funded by the drawdown of additional debt together withan issue of equity in the form of C Shares which will in due course convert intoordinary shares. The acquisition is being undertaken in order to expand and diversify theCompany's asset base and to re-weight the property portfolio towards assetmanagement opportunities and areas of the property market which it is believedwill improve returns for investors. Further details of the proposed acquisition and issue of C Shares are expectedto be announced in January 2006. For further information contact: Anson Fund Managers LimitedCompany Secretary Tel: Guernsey 01481 722260 9 December 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
TAP.L