Picton Property Income Limited (the" Company")
28 August 2012
The Board of Directors of Picton Property Income Limited announces the resignation of Tjeerd Borstlap at the Annual General Meeting held on 24 August 2012.
This will be effective on 30 September 2012 and reflects Tjeerd's increased employer commitments. As such the Board is reviewing its composition and will make a further announcement as appropriate.
The Board thanks Tjeerd for his valuable contribution to the Company during his time as a Director.
For further information:
The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
St Peter Port
Tel: 01481 745823
Fax: 01481 745085
Note to Editors
Picton Property Income Limited ('Picton') is an income focused, internally managed Investment Company listed on the London and Channel Islands Stock Exchanges. It was established in 2005 to invest both directly and indirectly in commercial property across the United Kingdom.
With Net Assets of £185.0 million at 30 June 2012 and approximately 850 investors, the Company's objective is to provide shareholders with an attractive level of income, together with the potential for capital growth by investing in the principal commercial property sectors.