Supermarket Income Reit to raise £75m to buy new assets

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By Aidan Gregory
09 Apr 2020

Supermarket Income Reit, the UK real estate investment trust focused on supermarkets, has unveiled a £75m fundraising to finance new investment opportunities that may arise from the Covid-19 crisis, which had caused UK grocers to be inundated with demand.

The company said in a regulatory filing on Thursday that it would sell new shares at 103p a share, a discount of 5.7% to the closing price of Supermarket Income Reit on Wednesday, and a 6.2% premium to its last reported net asset value per share at the ...

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