LONDON (Thomson Financial) - Sovereign Reversions Plc. said it expects to report a pretax loss for the year to April 30 due to a reduction of about 3 million pounds in net revaluation adjustment, equivalent to about 3.6 percent of its equity release assets.

The company said it hopes the current environment will produce "excellent" opportunities and it is committed to its long-term strategy of investment in and development of its equity release activities.

Sovereign Reversions specialises in providing finance to retired homeowners through equity release.

The company will announce its full-year results on July 21. TFN.newsdesk@thomson.com kal/cmr

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