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Bid approach for Invesco Property Income
Wed, 08 Feb, 2012
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Bid approach for Invesco Property Income
Thu, 11 Mar 2010, 16:11:00
Invesco Property Income Trust says that it has been approached by a potential bidder. There is no certainty that an offer will be made for the trust, which has net liabilities. Invesco Property had an adjusted net asset value of -2.9p a share at the end of 2009 - excluding the adjustments for deferred tax and interest rate swaps the NAV is -16.2p a share. Bank debt was £230.8m. More than one-third of the property portfolio is in France.
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