Shopping centres operator Capital Shopping Centres (CSC) said one of its subsidiaries has sold 4.0m shares of Equity One, a US real estate investment trust.
CSC stressed it is not selling the 11.4m shares of Equity One shares which underlie the group's interest in Equity One's CapCo joint venture.
The market value of the shares being sold by CSC was around $78m based on the last reported sale price of Equity One common stock as reported on the New York Stock Exchange of $19.33 per share on 5th of March 2012.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
jh
-
How much tax do I pay on investments?Are you worried about taxes biting into your profits? We explain how much you’ll pay and look at ways to keep more of what you earn through investing
-
Inheritance tax receipts surge by 10% – can you reduce your IHT liabilities?Bereaved families are paying more than ever in inheritance tax, but there are some ways to reduce your bill.
