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LONDON - abrdn Property Income Trust Limited (API) announced Thursday it will return approximately £15 million to shareholders through a combined distribution of 3.92 pence per share. The distribution consists of a 3 pence per share capital return and a final property income distribution (PID) of 0.92 pence per share.
The capital return will be executed through the issuance and redemption of Redeemable Bonus Shares, with one bonus share to be issued for each ordinary share and subsequently repurchased at 3 pence per share. This transaction follows a similar capital return conducted in December 2024.
For the capital return, the ex-dividend date is set for November 6, 2025, with a record date of November 7. The redemption and cancellation of the bonus shares is expected to occur on November 10, with payment to shareholders scheduled for November 13.
The final PID of 0.92 pence per share represents the remaining property income that must be distributed following the company’s exit from the REIT regime in November 2024. Under REIT regulations, the company was required to distribute 100% of accumulated income profits from its UK property rental business. An interim PID of 3 pence per share was previously paid in January.
For the final PID, the ex-dividend date is October 23, 2025, with a record date of October 24, and payment scheduled for November 13, coinciding with the capital return payment.
The company’s board stated that these distributions represent the maximum amount that can be returned to shareholders while maintaining sufficient reserves to cover future liquidation costs.
The announcement was made in a press release issued by the Guernsey-incorporated investment company.
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