LONDON – has announced interim results for the period ending March 31, 2026, and disclosed plans for a managed wind down of the trust, according to a press release statement.
The board and manager are proposing to return capital to shareholders through a process expected to take two to three years. The extended timeframe would allow for implementation of asset management initiatives to prepare properties for sale.
The proposal requires shareholder approval, with further details to be announced at a later date. The decision follows a review of various options aimed at maximizing shareholder value.
According to research firm Kepler Trust Intelligence, the trust’s share price rose approximately 10% following the announcement. The manager indicated that the wind-down strategy would shift the investment profile from an income focus to a total return approach.
The trust’s interim results cover the six-month period ending March 31, 2026.
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