Market Capitalisation £550.89M

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 : 0383S
ING UK Real Estate Income Trust Ltd
11 May 2009

ING UK Real Estate Income Trust Limited ('IRET')

Date  11 May 2009



11 May, 2009

ING UK Real Estate Income Trust Limited

("IRET" or the "Company")

Update on the Proposed Re-structuring of the Company's 

Securitised Loan Facility (the "Facility")

Following further discussions with noteholders, the Company proposes that the tender offer to purchase up to £35 million of notes under the Facility will be conducted at par. The tender offer(s) are conditional upon noteholders approving the proposed re-structuring of the Facility that was announced on 17 April 2009

Shareholders should note that whilst noteholders have been consulted on the proposed amendments, these will only become effective if approved at the noteholder meeting on 12 May 2009. Such approval will require 75 per cent. of noteholders present and voting at the meeting to vote in favour of the proposed amendments.

Details of the first tender offer are expected to be sent to noteholders in July 2009 and will be announced to the market at that time. Further information on the proposed re-structuring of the Facility and the noteholder notice of meeting is available on the Company's website -

For further information:

ING Real Estate Investment Management (UK) Limited

Michael Moris, 020 7767 5648,

Helen Stott, 020 7767 5648,

All Enquiries

The Company Secretary

Northern Trust International Fund Administration Services (Guernsey) Limited

Trafalgar Court

Les Banques

St Peter Port


Tel:    01481 745814

Fax:    01481 745085


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