Invesco UK Prop Inc - Investment Objective & Policy.

(From AFX CNF)

RNS Number:4106L Invesco UK Property Income Trust Ld 01 November 2006 INVESCO UK Property Income Trust Limited (the "Company") HEADLINE: PROPOSED AMENDMENT TO THE COMPANY'S INVESTMENT OBJECTIVE AND POLICY AND CHANGE OF NAME Background Under its current investment objective and policy, the Company invests in commercial property in the United Kingdom. It has done so successfully, and the Company continues to deliver attractive income and capital returns for shareholders by the combination of owning high yielding properties and managing them well. To enable the Manager to invest in a wider universe of property assets as part of this objective, the Company proposes to diversify its portfolio and invest in property in continental Europe, in addition to the United Kingdom, as part of its ongoing strategy. This will enable the Company to widen its sphere of operations into continental Europe, with a particular initial emphasis on acquiring and managing assets in the most liquid and mature markets of France and Germany, with opportunities also being considered in other continental European countries. The intention is to maintain and enhance the quality of the portfolio in terms of location, and building specification, and to provide the ability to acquire index-linked leases in continental Europe that the Company believes are consistent with, and will be of benefit to, the income objective of the Company. Should the proposed amendment to the investment objective and policy be approved by shareholders, the Board considers it appropriate to change the name of the Company from INVESCO UK Property Income Trust Limited to INVESCO Property Income Trust Limited, in order to reflect the fact that the Company's investment objective and policy is no longer limited to real estate in the United Kingdom. The resolutions required to effect the amendment to the investment objective and policy and to change the Company's name will be proposed at an extraordinary general meeting ("EGM") of the Company convened for 10.00 am on Monday, 27 November 2006. Proposed amendment to the Company's investment ...