Invesco Property Income trust investors face 100% loss

Shareholders in the troubled Invesco Property Income trust have been told they are likely to lose their entire investment after it was suspended pending an effective firesale of its assets.

In a stark warning to investors, the trust's board said in a statement it was being forced to sell its assets to repay debtors sooner than expected, with shareholders likely to receive nothing back. It said it was "virtually certain that there will be no return for shareholders on completion of the Company's winding up." Launched in 2004 and currently run by Rory Morrison, the trust has also been suspended from trading by the FCA following discussions with its lenders. The trust said discussions with its lending banks had seen it granted a three-month extension to its borrowing fac...