Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in residential asset classes that comprise the stock of UK social housing providers, is pleased to declare an interim dividend of 0.75 pence per Ordinary Share for the period from 1 January 2018 to 31 March 2018. The dividend will be paid as an ordinary UK dividend on or around 11 June 2018 to Shareholders on the register as at 18 May 2018. The ex-dividend date is 17 May 2018.
The Company is targeting a dividend of at least 3.0 pence per Ordinary Share for the first financial period from the date of admission to 30 September 20181. ReSI intends to pay dividends to Shareholders on a quarterly basis and in accordance with the REIT regime.
On a fully invested and geared basis, ReSI is targeting a dividend yield of 5% per annum based on the issue price of 100 pence per Ordinary Share, which ReSI expects to increase broadly in line with inflation, and a total return in excess of 8% per annum.
These are targets only and not a profit forecast. There can be no assurance that the targets will be met.
FOR FURTHER INFORMATION, PLEASE CONTACT:
ReSI Capital Management Limited
Jonathan Slater Alex Pilato
+44 (0) 20 7382 0900
Jefferies International Limited
+44 (0) 20 7029 8000
+44 (0) 20 3737 1000