PRS REIT PLC (The) Dividend Declaration (4288V)
07 August 2020 - 4:00PM
UK Regulatory
TIDMPRSR
RNS Number : 4288V
PRS REIT PLC (The)
07 August 2020
7 August 2020
PRSR.L
The PRS REIT plc
("Company" or "PRS REIT")
Dividend Declaration
The PRS REIT, the real estate investment trust that invests in
new-build homes in the Private Rented Sector ("PRS"), is pleased to
declare an interim quarterly dividend of 1.0 pence per ordinary
share in respect of the fourth quarter of its financial year,
comprising the three months to 30 June 2020.
This dividend, which is a non-Property Income Distribution, will
be payable on 18 September 2020 to shareholders on the register on
21 August 2020. The ex-dividend date will be 20 August 2020.
This brings the total dividend for the financial year from 1
July 2019 to 30 June 2020 to 4.0 pence per ordinary share, in line
with the Board's revised target.
The PRS REIT expects to issue final results in September, when
it will also provide an update on trading.
For further information, please contact:
The PRS REIT plc Tel: 020 3178 6378 (c/o
Steve Smith, Non-executive Chairman KTZ Communications)
Sigma PRS Management Limited Tel: 0333 999 9926
Graham Barnet, Mike McGill
N+1 Singer Tel: 020 7496 3000
James Maxwell, James Moat, Ben Farrow
G10 Capital Limited (part of the IQEQ Group Tel: 020 3745 2826
as AIFM)
Paul Turner
KTZ Communications Tel: 020 3178 6378
Katie Tzouliadis, Dan Mahoney
NOTES TO EDITORS
About The PRS REIT plc
(www.theprsreit.com)
The PRS REIT is a closed-ended real estate investment trust
established to invest in the Private Rented Sector and to provide
shareholders with an attractive level of income together with the
potential for capital and income growth. It has raised a total of
GBP500m (gross) through its Initial Public Offering, on 31 May
2017, and a subsequent placing in February 2018. Both fundraisings
were supported by the UK Government's Homes England with direct
investments.
LEI: 21380037Q91HU97WZX58
About Sigma Capital Group plc
( www.sigmacapital.co.uk )
Sigma Capital Group plc ("Sigma") is a PRS, residential
development, and urban regeneration specialist, with offices in
Edinburgh, Manchester and London. Sigma's principal focus is on the
delivery of large scale housing schemes for the private rented
sector. The Company has a well-established track record in
assisting with property-related regeneration projects in the public
sector, acting as a bridge between the public and private
sectors.
Sigma has created an unrivalled property platform, which sources
sites and brings together construction resource, enabling Sigma to
deliver an integrated solution to partners. As well as sourcing
sites and managing all stages of the planning and development
process, Sigma also manages the rental of completed homes through
its award-winning rental brand 'Simple Life'. The Company's
subsidiary, Sigma PRS Management Limited, is Investment Adviser to
The PRS REIT plc, the real estate investment trust that is
investing GBP0.9bn in a portfolio of high quality new rental homes
for private rental.
.
About Sigma PRS Management Ltd
Sigma PRS Management Limited is a wholly-owned subsidiary of
AIM-quoted Sigma Capital Group plc and is Investment Adviser to The
PRS REIT plc. It sources investments and operationally manages the
assets of The PRS REIT plc and advises the Alternative Investment
Fund Manager ("AIFM") and The PRS REIT plc on a day-to-day basis in
accordance with The PRS REIT plc's Investment Policy. The
Investment Manager is G10 Capital Limited. Sigma PRS Management Ltd
is an appointed representative of G10 Capital Limited, which is
authorised and regulated by the Financial Conduct Authority
(FRN:648953).
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END
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