Baring Financial Services Group's International Fund Managers (Jersey) has been appointed fund admin...
Baring Financial Services Group's International Fund Managers (Jersey) has been appointed fund administrator for the new Invesco UK Property Income Trust. The fund, which raised £100m in October 2004, has been incorporated as a limited liability company in Jersey and its shares are listed on the Channel Islands and London Stock Exchanges. Managed by Invesco Real Estate, the fund consists of 31 UK properties with an average capital value of £4.82m. Income yield on the property portfolio is estimated at 7.69% with a quarterly dividend anticipated at 6.75 pence in the first year.
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