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.
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The firm is planning to propose the plans to shareholders in December.
The share price rose 9.53% to 78.75p by 13:47.
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