Market Reaction - Custodian Property Income REIT

- Custodian Property Income REIT commented on the outcome of the abrdn Property Income Trust Limited (API) shareholder meetings regarding the proposed merger.

- The merger did not receive approval, failing to meet the required 75% threshold despite the majority of votes in favor.

- CREI remains committed to its strategy of incremental growth and offering attractive dividends from a diversified portfolio.

Custodian experienced a significant share price rise following the collapse of their merger with API. This outcome was expected, especially after API shareholders rejected the deal. After all, Custodian shareholders were not keen on this merger.