Important Legal Information

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Picton Property Income Limited ("the Company") is a closed-ended company incorporated with limited liability under the laws of Guernsey with registered number 43673.

Its registered address is 1st and 2nd floors, Elizabeth House, Les Ruettes Brayes, St Peter Port, Guernsey, GY1 1EW. It is listed on the Official List of the London Stock Exchange.

Warnings and risks

Investment in the Company involves a degree of risk. This includes the risk that the market value of the shares may vary considerably from their underlying Net Asset Value.

The performance of the Company will be adversely affected by a downturn in the UK property market, any reduction in rental levels, changes in the rate of applicable taxation or a reduction in the deductibility of interest and expenses and may also be affected by exchange rate movements between currencies.

Property and property-related assets are inherently subjective as regards value due to the individual nature of the property. As a result, valuations are subject to uncertainty. There is no assurance that the valuations of the properties will reflect actual sale prices even where any such sales occur shortly after the relevant valuation date.

Investments in property are relatively illiquid and more difficult to realise than equities or bonds.

Prospective investors should be aware that, whilst the use of borrowings should enhance the Net Asset Value of the shares where the value of the underlying assets is rising, it will have the opposite effect where the underlying asset value is falling.

The strategy which the Company uses may result in movements in the price of the shares being more volatile than the movements in the price of the underlying investments and the investment being subject to sudden and large falls in value.

The value of investments, and any income from them, can go down as well as up and you may not get back the amount you originally invested if there is a sufficiently large fall in the value of the investment. Past performance is not a guide to future performance.

An investment in the Company could be considered as part of a balanced portfolio.

Responsibility and importance of seeking advice

The information contained within this website does not constitute investment, tax, legal or other advice. To confirm the suitability of this investment for you, please seek your own independent advice from a stockbroker, solicitor, accountant or other independent financial adviser suitably qualified to provide such advice before making any investment decision.

No offer or invitation

Nothing on this website shall constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities in the Company in any jurisdiction, nor shall it (or any part of it) form the basis of, or be relied on in connection with, or act as any inducement to enter into, any contract or commitment whatsoever with respect to an investment in the Company.

Those viewing this website who are considering subscribing for shares in the Company are reminded that any such subscription must be made solely on the basis of the information contained in the most up to date prospectus (and, if applicable, any supplementary prospectus) including the risk factors set out therein. No reliance may be placed for any purpose whatsoever on the information or opinions contained on this website or on its completeness, accuracy or fairness and no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the completeness, accuracy or fairness of the information contained on this website or the opinions expressed on it and no responsibility or liability is accepted by any of them for any such information or opinions or for any errors or omissions therein.

Provision of information

All information on this site, including but not limited to graphics, text and links to other sites, is provided "as is" and is subject to change without prior notice. Such information is provided, to the fullest extent permissible pursuant to applicable law, without warranty of any kind express or implied, including but not limited to implied warranties of merchantability, fitness for a particular purpose, non-infringement and freedom from computer viruses or similar disabling devices. The Company does not warrant the error free and uninterrupted service of this website.

Linked internet sites

Users are advised that information on hyperlinked or referred-to websites is neither investigated nor analysed by the Company. No warranty or representation, express or implied, is given as to the accuracy or completeness of that information.

The Company is not responsible for the content of any other internet sites linked to a site. A link to another site is meant for convenience only and does not imply that the Company endorses the site or any products or services that it describes. Your access to and use of any other internet sites linked to or from this site is at your own risk and the Company assumes no obligation or liability in connection therewith. The Company reserves the right to terminate any link or linking program at any time.

Governing law

English law governs the website and these terms and conditions. Any disputes arising in relation to the website or these terms and conditions will be subject to the exclusive jurisdiction of the English courts.

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