Supermarket Income REIT has raised £20m from a share placing to fund the proposed acquisition of an additional supermarket asset.
New shares in the company were issued 100p per share.
"The positive response from both existing shareholders and new investors is testament to their confidence in and support for both our strategy and our longer-term ambitions," chairman Nick Hewson said.
"The proceeds allow us to deliver the proposed acquisition which, if completed, will add another supermarket fulfilling online grocery delivery, extend the average lease length of our portfolio, enhance the portfolio yield and provide further asset diversification".
At 8:18am: (LON:SUPR) Supermarket Income Reit Plc share price was 0p at 100.5p