CREI Custodian Property Income Reit Plc

TIDMCREI

RNS Number : 1253L

Custodian REIT PLC

23 April 2015

23 April 2015

Custodian REIT plc

("Custodian REIT" or "the Company")

Issue of equity

Custodian REIT (LSE: CREI), the UK commercial real estate investment company, is pleased to announce that in order to satisfy continued investor demand, 500,000 new ordinary shares of 1p each in the capital of the Company were issued today at 109.75 pence per share (the "New Shares"), raising GBP548,750 (before costs and expenses).

Following this issue, the Company's issued share capital comprises 178,105,659 ordinary shares.

Applications will be made for the New Shares to be admitted to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange plc's main market for listed securities. Admission is expected to become effective, and dealings in the New Shares are expected to commence, at 8.00 a.m. on 29 April 2015.

- Ends -

For further information, please contact:

 
 Custodian Capital Limited 
 Richard Shepherd-Cross / Nathan            Tel: +44 (0)116 
  Imlach / Ian Mattioli                            240 8740 
                                   www.custodiancapital.com 
 
 
 Numis Securities Limited 
 Nathan Brown / Hugh Jonathan      Tel: +44 (0)20 
                                        7260 1000 
                                www.numiscorp.com 
 
 
 Camarco 
 Ed Gascoigne-Pees      Tel: +44 (0)20 
                             3757 4984 
                     www.camarco.co.uk 
 

Notes to Editors

Custodian REIT plc is a UK real estate investment trust ("REIT") listed on the London Stock Exchange. The Company launched on 26 March 2014, acquiring a portfolio of GBP95 million of UK commercial property. This was sourced from an existing portfolio of 48 properties held by clients of Mattioli Woods plc in a syndicated structure. The diverse portfolio consisted of properties let to institutional grade tenants on long leases throughout the UK.

The Company raised gross proceeds of GBP55 million through an initial public offering and has raised a further GBP48.1 million via three subsequent placings. It invests in a diversified portfolio of UK commercial properties to achieve its investment objective of providing shareholders with an attractive level of income together with the potential for capital growth through a closed-ended fund.

The target portfolio is characterised by small lot sizes with individual property values of less than GBP7.5 million at acquisition. Custodian Capital Limited is the discretionary investment manager of the Company.

For more information visit www.custodianreit.com and www.custodiancapital.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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