TIDMRESI

RNS Number : 8412V

Residential Secure Income PLC

07 November 2017

7 November 2017

RESIDENTIAL SECURE INCOME PLC

(the "Company")

Notice of Annual General Meeting

The Company announces that its Annual General Meeting will be held at 4pm on Wednesday 13 December 2017 at 21 Great Winchester Street, London, EC2N 2JA. The following documents (as applicable) are being mailed to shareholders or otherwise made available today:

   --      Notice of Annual General Meeting 2017 
   --      Form of Proxy

The documents are also available to view and download on the Company's website at www.resi-reit.com

In accordance with Listing Rule 9.6.1 copies of the documents have been submitted to the UK Listing Authority and will shortly be available for inspection from the National Storage Mechanism at www.morningstar.co.uk/uk/nsm

FOR FURTHER INFORMATION, PLEASE CONTACT:

 
 
 Company Secretary           +44 20 3597 7900 
  Langham Hall UK Services    Email: resi-cosec@langhamhall.com 
  LLP

NOTES:

Residential Secure Income plc (LSE: RESI) is listed on the premium segment of the Official List of the UK Listing Authority and was admitted to trading on the Main Market of the London Stock Exchange in July 2017.

ReSI has been established to invest in portfolios of Homes across residential asset classes that comprise the stock of Housing Associations and Local Authorities, comprising Shared Ownership Homes and Rental Homes (being Market Rental Homes, Functional Homes and Sub-Market Rental Homes) throughout the UK.

ReSI is managed by ReSI Capital Management Limited, a wholly owned subsidiary of TradeRisks Limited which has a 16 year track record of executing transactions within the UK social housing sector and, to date, has arranged funding of over GBP10 billion in the social housing, care and other specialist residential property sectors.

ReSI seeks to deliver secure, long-dated, inflation-linked income returns through investment in UK social housing. It aims to meet demand from Housing Associations and Local Authorities for alternative equity-like financing sources that allows them to recycle capital back into socially and economically beneficial new housing, making a meaningful contribution to the UK housing shortage.

Homes acquired by ReSI will predominantly be on a freehold or long leasehold basis (typically 99 years or more to maturity) and benefit from long term (typically 20 years plus) inflation-adjusted cash flows. Acquisitions by ReSI will be limited to Homes with sufficient cashflows, counterparty credit quality and property security that allow the Fund Manager to arrange long-term investment grade equivalent debt.

ReSI is targeting, on a fully invested and geared basis, 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(1) .

1. This is a target only and not a profit forecast and there can be no assurance that it will be met.

Further information on ReSI is available at www.resi-reit.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 07, 2017 12:09 ET (17:09 GMT)

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