LXi REIT and Secure Income REIT pursue merger

Significant cost savings

clock • 2 min read
The two property investment trusts are looking to merge
Image:

The two property investment trusts are looking to merge

The boards of LXi REIT and Secure Income REIT have reached a merger agreement as they believe investors will benefit from the scale, cost-savings and accretion of cash associated with the deal.

The merger would entail LXi to acquire the entire issued share capital of Secured Income (SIR), with the SIR shareholders entitled to receive 3.32 LXi shares for every SIR share they hold or a partial...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

Trustpilot