14 December 2011
PICTON PROPERTY INCOME LIMITED
("Picton" or the "Company")
Pursuant to Listing Rule DTR3.1.2, Picton Property Income Limited announces that the following beneficial holdings of ordinary shares were acquired by persons discharging managerial responsibilities, on 09 December 2011:-
Mr Michael Morris acquired 25,000 ordinary shares at 38.25p representing 0.00724% of the Company's issued share capital. The shares are registered under James Capel Nominees Limited.
Mr Andrew Dewhirst acquired 5,000 ordinary shares at 38.12p representing 0.00145% of the Company's issued share capital. The shares are registered under Barclayshare Nominees Limited.
For further information:
Northern Trust International Fund Administration Services (Guernsey) Limited
David Sauvarin, 01481 745529, email@example.com
Notes to Editors
Picton Property Income Limited* ('Picton'), a closed-end Investment Company listed on the London and Channel Islands Stock Exchanges, was established in 2005 to invest both directly and indirectly in commercial property across the United Kingdom.
With approximately 850 investors and a Net Asset Value of £211.3 million at 30 September 2011, 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.
On the 1 January 2012, the Company will become a self managed property investment company with Picton Capital Limited, a wholly owned subsidiary of Picton Property Income Limited, taking over investment management from CBRE Global Investors, formerly ING REIM UK Limited.
*Picton Property Income Limited changed its name from ING UK Real Estate Income Trust Limited on 1 June 2011.