PR Newswire
LONDON, United Kingdom, February 13
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB0033875286
Issuer Name
ABRDN PROPERTY INCOME TRUST LIMITED
UK or Non-UK Issuer
Non-UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Decagon Asset Management LLP
City of registered office (if applicable)
London
Country of registered office (if applicable)
United Kingdom
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the
notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
31-Dec-2025
6. Date on which Issuer notified
12-Feb-2026
7. Total positions of person(s) subject to the notification obligation
+—————-+———–+——————+———+———–+
|. |% of voting|% of voting rights|Total of |Total |
| |rights |through financial |both |number of |
| |attached to|instruments (total|in % (8.A|voting |
| |shares |of 8.B 1 + 8.B 2) |+ |rights held|
| |(total | |8.B) |in issuer |
| |of 8.A) | | | |
+—————-+———–+——————+———+———–+
|Resulting |5.478200 |9.540000 |15.018200|57262368 |
|situation on the| | | | |
|date on | | | | |
|which threshold | | | | |
|was crossed or | | | | |
|reached | | | | |
+—————-+———–+——————+———+———–+
|Position of |1.979690 |8.177757 |10.157447| |
|previous | | | | |
|notification | | | | |
|(if applicable) | | | | |
+—————-+———–+——————+———+———–+
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached
8A. Voting rights attached to shares
+————+—————-+——————+————-+————-+
|Class/Type |Number of direct|Number of indirect|% of direct |% of indirect|
|of shares |voting rights |voting rights |voting rights|voting rights|
|ISIN code(if|(DTR5.1) |(DTR5.2.1) |(DTR5.1) |(DTR5.2.1) |
|possible) | | | | |
+————+—————-+——————+————-+————-+
|GB0033875286|20884100 | |5.478200 | |
+————+—————-+——————+————-+————-+
|Sub Total |20884100 |5.478200% |
|8.A | | |
+————+—————-+——————+————-+————-+
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
+———-+———-+———+———————————–+——+
|Type of |Expiration|Exercise/|Number of voting rights that may be|% of |
|financial |date |conve |acquired if the instrument is |voting|
|instrument| |rsion |exercised/converted |rights|
| | |period | | |
+———-+———-+———+———————————–+——+
| | | | | |
+———-+———-+———+———————————–+——+
|Sub Total | | | |
|8.B1 | | | |
+———-+———-+———+———————————–+——+
8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))
+————–+———-+————–+———–+———+———+
|Type of |Expiration|Exercise/conve|Physical or|Number of|% of |
|financial |date |rsion period |cash |voting |voting |
|instrument | | |settlement |rights |rights |
+————–+———-+————–+———–+———+———+
|CFD | | |Cash |36378268 |9.540000 |
+————–+———-+————–+———–+———+———+
|Sub Total 8.B2| |36378268 |9.540000%|
+————–+———-+————–+———–+———+———+
9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or
the financial instruments are effectively held starting with the ultimate
controlling natural person or legal entities (please add additional rows as
necessary)
+———–+———–+——————+———–+—————-+
|Ultimate |Name of |% of voting rights|% of voting|Total of both if|
|controlling|controlled |if it equals or is|rights |it equals or is |
|person |undertaking|higher than the |through |higher than the |
| | |notifiable |financial |notifiable |
| | |threshold |instruments|threshold |
| | | |if it | |
| | | |equals or | |
| | | |is higher | |
| | | |than the | |
| | | |notifiable | |
| | | |threshold | |
+———–+———–+——————+———–+—————-+
|Benjamin |Decagon |5.010000 | |5.010000% |
|Durham |Asset | | | |
| |Management | | | |
| |LLP | | | |
+———–+———–+——————+———–+—————-+
|Ben Durham |Decagon |1.979690 |8.177759 |10.154700% |
| |Asset | | | |
| |Management | | | |
| |LLP | | | |
+———–+———–+——————+———–+—————-+
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
12. Date of Completion
12-Feb-2026
13. Place Of Completion
London
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