Westbury Property split to raise funds with share issue

The Westbury Property split-capital investment trust is looking to raise further capital. The trust...

The Westbury Property split-capital investment trust is looking to raise further capital. The trust board is proposing to launch a new class of ordinary shares, with existing income or capital shareholders being offered the chance to roll over into new shares or maintain their current positions. Currently, packaged units in the £34.4m trust, which has investments in retail and industrial warehouse properties, are comprised of two income shares and one capital share. The aim is for the new ordinary shares to reflect that composition. Trust manager Richard Burrell of Berrington Fund Mana...