Shareholders of the Ediston Property Investment Company (EPIC) have approved the sale of its property portfolio for around £200m.
Earlier this month, EPIC agreed to sell the entirety of its property portfolio to a subsidiary of S&P 500 constituent Realty Income for £200.8m, prior to agreed deductions of approximately £4m. Ediston Property agrees to £200m sale of property portfolio At the trust's general meeting held earlier today (26 September), the ordinary resolution to approve the disposal was duly passed by way of a poll, with 92.58% of votes in favour. Completion of the sale is expected to occur on 28 September, after which a further announcement will be made. Today's decision comes after a strategic ...
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