Brief: API Says Managed Wind-Down Less Attractive Option For Shareholders Given Benefits Of CREI Merger

Custodian Property Income Reit

21/03/2024 07:30

March 21 (Reuters) - abrdn Property Income Trust Ltd
 APIA.L :
    * ABRDN PROPERTY INC. ABRDN PROPERTY INC. CUSTODIAN PROPERTY
URBAN
LOGISTICS REIT  - UPDATE ON RECOMMENDED ALL-SHARE MERGER
    * ABRDN PROPERTY INCOME TRUST - CREI SHAREHOLDERS APPROVED
CREI
MERGER WITH 98% OF SHARES VOTED, URBAN LOGISTICS CONFIRMED IT
WILL NOT MAKE FIRM OFFER
    * ABRDN PROPERTY INCOME TRUST- BOARD EXPECTS NET DISPOSAL
VALUES
TO BE REALISED IN MANAGED WIND-DOWN TO BE LOWER
    * ABRDN PROPERTY INCOME TRUST - CONTINUES TO VIEW MANAGED
WIND-DOWN AS LESS ATTRACTIVE OPTION FOR SHAREHOLDERS GIVEN
BENEFITS OF CREI MERGER

Source text for Eikon:  ID:nRSU7112Ha 
Further company coverage:  APIA.L 

 ((Reuters.Briefs@thomsonreuters.com;))