The Vanguard Group, Inc. Announces Opening Position in abrdn Property Income Trust Limited

The Vanguard Group, Inc. has disclosed its opening position in abrdn Property Income Trust Limited, revealing a stake that signifies interests in relevant securities representing more than 1%, as per the official Form 8.3 announcement made on March 5, 2024. This disclosure comes under the Rule 8.3 of the Takeover Code, vital for parties with interests in securities of offerors or offerees during mergers and acquisitions.

As of March 4, 2024, The Vanguard Group, Inc. holds 4,010,245 shares in abrdn Property Income Trust Limited, which translates to a 1.05% interest in the company. This position indicates a strategic investment by The Vanguard Group in the real estate investment sector, alongside disclosures in respect of Custodian Property Income REIT plc and Urban Logistics REIT plc.

The disclosure also referenced a sale of 1,771 shares at a price of 0.54 GBP, showing some level of transactional activity by The Vanguard Group within this investment. It’s noteworthy that despite these dealings, the firm has no arrangements, agreements, or understandings related to indemnity, voting rights, or future securities transactions as per their statement.