Custodian Reit has changed its name to Custodian Property Income Reit with immediate effect.
In an announcement to the London Stock Exchange, the board of the trust said: “The new name better reflects the company’s primary focus on, and track record of, generating income returns for shareholders.”
The board added that it expects the change to make the company’s shares “more prominent” to retail investors using online platforms.
Richard Shepherd-Cross, managing director of Custodian Capital Limited, said: “We believe the change of name to Custodian Property Income Reit plc gives investors a much clearer understanding of the company’s aim to provide shareholders with long-term asset-backed income and of our investment strategy.
“We believe this is particularly important in the current environment where investors are seeking secure and growing income streams as a hedge against inflation. It also reflects our continued emphasis on providing full transparency to our existing shareholders while at the same time aiming to drive liquidity in our shares by attracting new investors.”
The firm’s shares will begin trading under the new name from 8am on 8 December.