DJ Custodian REIT plc: Change of name
Custodian REIT plc (CREI) Custodian REIT plc: Change of name 07-Dec-2022 / 07:00 GMT/BST Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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7 December 2022
Custodian REIT plc (now called Custodian Property Income REIT plc)
("the Company")
Change of name
Custodian REIT plc (LSE: CREI), which seeks to deliver a strong income return by investing in a diversified portfolio of smaller regional properties across the UK, announces that it has changed its name to Custodian Property Income REIT plc with immediate effect.
The Board believes the new name better reflects the Company's primary focus on and track record of generating income returns for shareholders and expects the change to make the Company's shares more prominent to retail investors, particularly those accessing via online platforms.
It is expected that the Company's shares will trade under the new name on the London Stock Exchange with effect from 8.00 am on 8 December 2022.
The Company's trading instrument display mnemonic ("CREI"), the ISIN and SEDOL numbers and the Company's website (custodianreit.com) will remain unchanged.
The name change was approved by shareholders at the Company's AGM on 31 August 2022.
Shareholders are unaffected by the change of name and existing share certificates should be retained and will remain valid. The investment policy remains unchanged with Richard Shepherd-Cross continuing to act as Investment Manager.
Richard Shepherd-Cross, Managing Director of Custodian Capital Limited, said: "We believe the change of name to Custodian Property Income REIT plc gives investors a much clearer understanding of the Company's aim to provide shareholders with long term asset backed income and of our investment strategy. We believe this is particularly important in the current environment where investors are seeking secure and growing income streams as a hedge against inflation. It also reflects our continued emphasis on providing full transparency to our existing shareholders while at the same time aiming to drive liquidity in our shares by attracting new investors."
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Further information:
Further information regarding the Company can be found by contacting:
Custodian Capital Limited
Richard Shepherd-Cross / Ed Moore / Ian Mattioli MBE Tel: +44 (0)116 240 8740
www.custodiancapital.com
Numis Securities Limited
Hugh Jonathan / Nathan Brown Tel: +44 (0)20 7260 1000
www.numis.com/funds
FTI Consulting
Richard Sunderland / Ellie Sweeney / Andrew Davis Tel: +44 (0)20 3727 1000
custodianreit@fticonsulting.com
Notes to Editors
Custodian Property Income REIT plc is a UK real estate investment trust, which listed on the main market of the London Stock Exchange on 26 March 2014. Its portfolio comprises properties predominantly let to institutional grade tenants on long leases throughout the UK and is principally characterised by properties with individual values of less than GBP10m at acquisition.
The Company offers investors the opportunity to access a diversified portfolio of UK commercial real estate through a closed-ended fund. By principally targeting sub GBP15m lot-size, regional properties, the Company seeks to provide investors with an attractive level of income with the potential for capital growth.
Custodian Capital Limited is the discretionary investment manager of the Company.
For more information visit custodianreit.com and custodiancapital.com.
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ISIN: GB00BJFLFT45 Category Code: MSCH TIDM: CREI LEI Code: 2138001BOD1J5XK1CX76 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 206665 EQS News ID: 1506649 End of Announcement EQS News Service =------------------------------------------------------------------------------------
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1506649&application_name=news
(END) Dow Jones Newswires
December 07, 2022 02:00 ET (07:00 GMT)
