LXi REIT Deploys All Capital And Considers Equity Fundraise (ALLISS)

LONDON (Alliance News) - LXi REIT on Thursday said it is considering an equity fundraise in 2019 ...

Alliance News 18 April, 2019 | 1:20PM
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LONDON (Alliance News) - LXi REIT on Thursday said it is considering an equity fundraise in 2019 because it has deployed all of its equity and debt capital.

The funds raised would be used in further investments that align with the very long term real estate investment trust's policy. LXi has no direct development activity and does not assume direct development risk but instead instead invests in commercial property assets inflation-linked leases.

Should a fundraise occur, LXi will publish an updated net asset value and prospectus first. Further announcements are expected "in due course".

The company will announce its annual results for its year ended March 31 on May 20.

Shares in LXi REIT were down 1.7% at 129.00 pence on Thursday.

By Anna Farley; annafarley@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
LXI REIT Ord 109.60 GBX -3.18 -

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