CUSTODIAN PROPERTY INCOME REIT PLC (CREI) — Investor Presentation

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the CUSTODIAN PROPERTY INCOME REIT PLC investor presentation. Throughout this presentation, investors will be in listen only mode. Before we begin, I'd like to submit the following poll, and I'd now like to hand you over to Richard Shepherd Cross, managing director. Good afternoon to you, sir. Hello, and, welcome to this short webinar, restating the rationale behind the recommended all share merger between CUSTODIAN PROPERTY INCOME REIT and Aberdeen PROPERTY INCOME TRUST, which I'll refer to as CUSTODIAN and API during this webinar. I'm Richard Shepherd Cross, the investment manager to CUSTODIAN, which we launched ten years ago and have grown through issuance and acquisition to gross assets of over 600,000,000. Due to the restrictions of the takeover panel code, I won't be answering questions at the end of this webinar. But if you do have questions, please direct them through the q and a tab on the right hand side of the screen, and they will be picked up by FROSTRO. CUSTODIAN approached the board of API last year to propose an all share merger of the two companies. Following a reciprocal due diligence process and the announcement of the recommended merger in January, I'm delighted to to be discussing the recommended merger, which is a further step in pursuing CUSTODIAN's ambition to be the REIT of choice for private and institutional investors seeking high and stable dividends from well diversified UK real estate. Since the announcement of the recommended merger, there have been some, albeit limited, calls for the board of API to consider a managed wind down of their company and the announced indicative offer made by Urban Logistics REIT, we'll call them ULR, and I will pick up on these developments over the next few minutes. As you ma...