abrdn Property Income Trust to merge with Custodian Property Income REIT.

abrdn Property Income Trust, a REIT company, to merge with Custodian Property Income REIT, a real estate investment company. Financial terms were not disclosed. "We welcome the API Board's decision to maintain its recommendation for the all-share merger with CREI. The Recommended Merger will benefit shareholders of both companies by creating a well-positioned REIT of enhanced scale, with the opportunity to participate in the returns from the two complementary portfolios, as well as a fully covered and sustainable dividend," David MacLellan, Custodian Property Income REIT Chairman.