Non-Mainstream Pooled Investment Products

RNS Number : 0966J

Custodian REIT PLC

09 June 2014

 

9 June 2014

Custodian REIT plc

("Custodian REIT" or the "Company")

Statement regarding Non-Mainstream Pooled Investment Products

The Board of the Company notes the rules of the UK Financial Conduct Authority ("FCA") restricting the promotion of non-mainstream pooled investments, effective from 1 January 2014. 

The Board has received appropriate legal advice, which confirms that the Company's shares qualify as an 'excluded security' under these rules and are therefore excluded from the FCA's restrictions which apply to non-mainstream investment products.  The shares are an excluded security because the Company is a UK REIT (that is, a company to which Part 12 of the Corporation Tax Act 2010 applies). 

The Board has conducted the Company's affairs, and intends to continue to conduct its affairs, in such a way that the Company's shares can be recommended by IFAs and other professional advisers to ordinary retail investors in accordance with the FCA's rules in relation to non-mainstream investment products. 

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For further information, please contact:

Custodian Capital Limited
Richard Shepherd-Cross / Nathan Imlach	Tel: [phone]
	www.custodiancapital.com

Numis Securities Limited
Nathan Brown / Hugh Jonathan	Tel: [phone]
	www.numiscorp.com

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 £95 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 also raised gross proceeds of £55 million through an initial public offering and will invest 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. 

The target portfolio is characterised by small lot sizes with individual property values of less than £7.5 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. 

 

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