StockMarketWire.com - Triple Point Social Housing REIT said it planned to rise up to £200m via a share issue to fund more acquisitions, having now invested all the proceeds of its 2017 initial public offering.

Capital would be raised through the issue of 'C shares': a new class of convertible, non-voting preference share, the company said.

The raising would be subject to shareholder approval, with a prospectus expected to be published in early March.

The company said it was also in discussions to put in place a bilateral term facility with an institutional lender, secured over a specific pool of its existing assets.

The debt facility was expected to be entered into in April.

Triple Point said it had already committed £179.2m to the acquisition or forward funding of properties, with a portfolio of 148 regulated-supported housing assets, meaning it had invested all the net proceeds raised from its IPO in August.


At 8:36am: [LON:SOHO] Triple Point Social Housing Reit Plc Ord 1p share price was +0.5p at 101p



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