Custodian changes name of £603m REIT to attract online investors

Custodian Property Income REIT

Custodian REIT has changed its name to the Custodian Property Income REIT.

The £603m trust invests in a diversified portfolio of smaller regional properties across the UK. A statement to the London Stock Exchange, the board of the trust said the name change "better reflects the company's primary focus and track record of generating income returns for shareholders". It added it expects the change to make the REIT's shares "more prominent to retail investors, particularly those accessing via online platforms". UK equity funds leak a further £1bn in November as investor confidence tanks The trust was launched in March 2014 and has a dividend yield of 5.7%...