The Property Income Trust for Charities is a unit trust designed as a pooled property vehicle that is available to all charities (regardless of where in the UK they are constituted). It was established to permit qualifying charities to co-invest in UK property in a manner that is tax efficient for both income and capital. It also has the advantage of allowing properties to be acquired free of Stamp Duty Land Tax. SDLT is currently levied at 4% on all property transactions involving £500,000 or more. This represents a significant advantage over other property funds.

The Funds's objective is to invest in commercial property throughout the UK. It aims to deliver an income yield of around 6% p.a., whilst at least growing the capital value in real terms. Income is distributed quarterly.

The Fund operates both ethical and environmental policies and seeks to be a socially responsible investor.

The Property Income Trust for Charities is managed by Mayfair Capital Investment Management Limited, Authorised and Regulated by the Financial Services Authority.

Please note the Fund is listed on Bloomberg (PRINTCH) as well as FT.com.

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