Custodian Property Income REIT plc (CREI) ORD GBP0.01

Custodian Property Income REIT plc is a United Kingdom-based real estate investment trust. The Company seeks to deliver an enhanced income return by investing in a diversified portfolio of smaller, regional properties let to predominantly institutional grade tenants across the United Kingdom. Its policy is to invest in properties between £2 million - £15 million. It offers investors the opportunity to access a diversified portfolio of the United Kingdom commercial real estate through a closed-ended fund. The Company may use gearing provided that the maximum loan-to-value (LTV) shall not exceed 35%, with a medium-term net gearing target of 25% LTV. It invests in a diverse portfolio of the United Kingdom commercial real estate, principally characterized by smaller, regional, core/core-plus properties. Its property types include office, industrial, retail, retail warehouse and others. The Company's investment manager is Custodian Capital Limited.

To provide shareholders with an attractive level of income together with the potential for capital growth from investing in a diversified portfolio of commercial real estate properties in the UK. To have balanced investment portfolio with a relatively high exposure to industrial and to alternative sectors and low exposure to office and high street retail and low levels of net debt with target net gearing of 25% LTV.

• Ongoing charge1.28%
• Annual management charge -
• Performance feeNo

A management fee of 0.9% on the first GBP 200m of NAV 0.75% of NAV in excess of GBP 200m but below GBP 500m 0.65% of the NAV in excess of GBP 500m 0.55% of the NAV in excess of GBP 750m. The agreement is for an initial term of 3 years, terminable by giving 12 months notice.