Alpha Tiger To Invest £7.5M In UK Property Fund

Law360, New York (October 19, 2011, 7:02 PM EDT) -- Real estate sector investor Alpha Tiger Property Trust Ltd. will put £7.5 million ($10.3 million) into the Aberdeen UK Active Property Fund PLC and take over management of the portfolio of industrial, office and retail property, the trust announced Wednesday.

Alpha Tiger will invest the money through a three-year convertible loan, which can be converted into shares amounting to 23 percent of the Aberdeen fund's share capital, the firm said in a statement. The convertible loan, if not converted, will have an annual coupon of 6 percent payable...
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