tiprankstipranks

UBS Group AG Acquires Significant Stake in ABRDN Property Income Trust

Story Highlights
UBS Group AG Acquires Significant Stake in ABRDN Property Income Trust

Standard Life Investments Property Income ( (GB:API) ) has provided an update.

ABRDN Property Income Trust Limited, a non-UK issuer, has been notified of a significant acquisition of voting rights by UBS Group AG. UBS Group AG now holds 8.464563% of the voting rights in the company, marking a notable increase from their previous position of 0%. This change in holdings could influence the company’s strategic decisions and impact its stakeholders.

More about Standard Life Investments Property Income

YTD Price Performance: -13.04%

Average Trading Volume: 1,451,803

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £22.87M

See more insights into API stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App