IN BRIEF: Custodian Property intends up to GBP5 million share buyback
Custodian Property Income REIT - Leicester-based investor in smaller regional UK properties - On Thursday, announced intention to start share buyback programme for a total of up to GBP5 million. The company says it believes its current share price materially undervalues its portfolio, including the security and quality of income offered via the fully covered dividend. Custodian Property has instructed its corporate broker Deutsche Bank AG to buy back ordinary shares on its behalf. Read More