The share price of Regional REIT has dived by more than a third on confirmation the trust is considering a £75m share issue.
According to a regulatory filing, the trust is "actively exploring a range of refinancing options" on the upcoming maturity date of its £50m retail bond in August 2024. Regional REIT's asset manager to be sold As a result, the company confirmed "significant preparatory work has been undertaken" in regards to potential debt and equity raises. Any equity issue would be subject to shareholder approval and is expected to be priced at a "material discount" to the company's current share price, which already trades at a 74% discount to net asset value, according to data from the Associat...
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