TR Property Invesment Trust plans share conversion
TR Property Invesment Trust, a UK-based investment company, has announced that it is planning to propose a conversion of the entire share capital of its Sigma shares into ordinary shares.
TR Property Invesment Trust, a UK-based investment company, has announced that it is planning to propose a conversion of the entire share capital of its Sigma shares into ordinary shares.
The Sigma share class was approved in July 2007, but now the company wants to merge the underlying portfolios to produce an enlarged single share class, which it anticipates will have deeper liquidity.
The company is currently proposing that Sigma shares will convert to ordinary shares based on the net asset value of each of the two share classes. As such, Sigma shares will be valued at 98% of Sigma share net asset value after deduction costs, while ordinary shares will be valued at 100% of the ordinary share net asset value. The costs are expected to be around 0.5% of the Sigma share class net asset value, which will be paid for by Sigma shareholders.
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
The firm is planning to propose the plans to shareholders in December.
The share price rose 9.53% to 78.75p by 13:47.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Michelin Key Hotels 2025: the top destinations in the world
The Michelin Keys have been awarded to spectacular hotels across the world. From Marlon Brando's private resort in Polynesia to a Bvlgari hotel in Tokyo, we look at some of the most extraordinary stays in 2025
-
MoneyWeek news quiz: How much could you get in car finance compensation?
The car finance scandal, inheritance tax, and house prices all made headlines over the past few days. Test your knowledge while reviewing this week’s top stories with MoneyWeek’s news quiz