StockMarketWire.com - Supermarket Income REIT launched a share issue to raise £25m to fund acquisitions.

New shares in the company would be issued at 101p each.

Supermarket Income REIT said its investment adviser was currently seeing multiple attractive opportunities, including two near-term target assets currently in advanced due diligence.

'I am very pleased by the opportunities that our investment adviser has identified,' chairman Nick Hewson said.

'They provide a pipeline of investment options which meet the company's investment policy and allow us to invest further in the future model of UK grocery.'

'This transaction will enhance our existing omnichannel supermarket portfolio adding further geographical and income diversification.'


At 8:28am: [LON:SUPR] Supermarket Income Reit Plc share price was -1p at 103p



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