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London & Stamford prepares to become REIT

Posted on 06 August 2010

From Propertyeu.info: AIM-listed Guernsey closed-ended investment firm London & Stamford Property (LSP) has announced plans to move its listing to the main board of London Stock Exchange and to convert to a tax-transparent real estate investment trust (REIT).
The proposals have to be ratified by at least 75% of LSP’s shareholders. The board said in a statement on Thursday that it is aiming to complete the move by 1 October……………………………………….Full Article: Source


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