ReSI Capital Management Limited

21-26 Garlick Hill,

London EC4V 2AU

0207 3820900

resi@resicm.com

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​FTI Consulting

+44 (0) 20 3727 1000
resi@fticonsulting.com

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Dividend Declaration

August 14, 2018

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 April 2018 to 30 June 2018.

 

0.375 pence of the dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax exempt property rental business and 0.375 pence will be paid as an Ordinary UK dividend ("non-PID"). The dividend will be paid on or around 21 September 2018 to Shareholders on the register as at 24 August 2018. The ex-dividend date is 23 August 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

Ben Fry

Jonathan Slater
Alex Pilato

Mark Rogers

+44 (0) 20 7382 0900

 

 

Jefferies International Limited

Stuart Klein

Gary Gould

+44 (0) 20 7029 8000

 

 

FTI Consulting                                                                                                  

Richard Sunderland                                                                                         

Claire Turvey

Richard Gotla

+44 (0) 20 3737 1000

Email: resi@fticonsulting.com

 

 

 

 

 

 

 

 

 

 

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