Manager update video: abrdn Property Income Trust
Watch the latest short video with Jason Baggaley for an update on the Trust's portfolio, positioning and performance.
On 19th January 2024, the boards of Custodian Property Income REIT plc (CREI) and abrdn Property Income Trust Limited (API) announced that they have reached agreement on the terms and conditions of a recommended all share merger pursuant to which CREI will acquire the entire issued and to be issued share capital of API (the Merger). It is intended that the Merger will be implemented by means of a Court sanctioned scheme of arrangement under Part VIII of the Companies Law (the Scheme).
The objective of abrdn Property Income Trust Limited is to provide shareholders with an attractive level of income together with the prospect of income and capital growth. The Board intends to achieve the investment objective by investing in a diversified portfolio of UK commercial properties in the industrial, office, retail and ‘other’ sectors, where ‘other’ includes leisure, data centres, student housing, hotels (and apart-hotels) and healthcare. Investment in property development and investment in co-investment vehicles, where there is more than one investor, is permitted up to a maximum of 10% of the property portfolio.
The value of investments and the income from them can go down as well as up and you may get back less than the amount invested.
*This is third-party research. You will leave abrdn Property Income Trust’s website and enter Quoted Data's to view.