Bellevue Healthcare Trust PLC (LSE:BBH) has sold 13.1 million shares from treasury to Threadneedle Asset Management Holdings Limited at 142.57p each, raising approximately £18.7 million.
The issue price is equal to the company's prevailing net asset value per share.
Threadneedle is a related party of the company, as an affiliate of Columbia Threadneedle Investment Business Limited, which acts as the trust's investment manager.
The board said it considers the terms of the transaction fair and reasonable for shareholders.