Market Capitalisation £536.65M

Picton Property Income Limited entered the UK REIT regime on 1 October 2018 and became a commercial company. As such Picton is outside the scope of AIFMD and is not required to produce a Key Information Document (KID) under PRIIPs.

RNS Number : 7153A
Picton Property Income Limited
25 March 2013


25th March 2013



("Picton" or the "Company")


Zero Dividend Preference Share Purchases


In October 2012, Picton ZDP Limited, a wholly owned subsidiary of Picton Property Income Limited issued 22 million Zero Dividend Preference Shares ("ZDPs") and at that time the Company highlighted one of the benefits of ZDPs was the ability of the Company to reduce its gearing position through the purchase ZDPs over time.


Picton today announces its intention to purchase ZDPs in the market. It is expected that ZDP purchases will take place over time utilising excess cash flow.  To that end, the Company has instructed Oriel Securities Limited to purchase ZDPs on the Company's behalf subject to certain pre-set parameters.


Picton confirms that it is satisfied that all inside information in relation to the ZDPs has previously been notified.



For further information:


Picton Capital Limited

Michael Morris


020 7011 9978


Oriel Securities Limited

Roger Clarke

Neil Langford


020 7710 7600

Northern Trust International Fund Administration Services (Guernsey) Limited (Company Secretary)

Renee McIver



01481 745 324






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Occupier focused, Opportunity led