Ediston Property Investment Company proposes merger or liquidation

Small size and wide discount

Valeria Martinez
clock • 2 min read

The Ediston Property Investment Company (EPIC) has launched a strategic review that could see it either merge with another REIT or sell its portfolio assets and return proceeds to shareholders.

In a London Stock Exchange notice this morning (16 March), the board of the real estate investment trust said it is undertaking a strategic review of the options available to the fund to maximise value for shareholders.  The board of EPIC, which holds £280m in assets, said it has a preference for structuring a merger with one or more REITs, but will consider all options available.  This could include selling the entire share capital of the fund, undertaking some other form of consolidation, combination or merger, and selling the trust's portfolio assets and returning proceeds to share...

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