TIDMSIR

RNS Number : 3921W

Secure Income REIT PLC

10 December 2019

10 December 2019

Secure Income REIT Plc

(the "Company")

Novation of investment advisory agreement

The independent directors of Secure Income REIT Plc have approved the novation of the Company's Investment Advisory Agreement from Prestbury Investments LLP to Prestbury Investment Partners Limited, which has taken effect today. Prestbury's management activities are transferring from a limited liability partnership to a newly incorporated limited company, under exactly the same ownership and with access to the same resources, staff and insurance.

The contractual arrangements in the Investment Advisory Agreement including fees, term, key persons and service provision remain completely unchanged.

Ends

For further information on the Company, please contact:

 
 Secure Income REIT Plc                                +44 20 7647 7647 
 Nick Leslau                           enquiries@SecureIncomeREIT.co.uk 
  Sandy Gumm 
 
 
 
 Stifel Nicolaus Europe Limited 
  (Nominated Adviser)                                  +44 20 7710 7600 
 Stewart Wallace                      stifelsecureincomereit@stifel.com 
 
 
 
 
 FTI Consulting 
  (PR Adviser)                                         +44 20 3727 1000 
  Dido Laurimore                     SecureIncomeREIT@fticonsulting.com 
  Claire Turvey 
  Eve Kirmatzis

About Secure Income REIT Plc

Secure Income REIT specialises in generating long term, inflation protected, secure income from real estate investments. Its investment strategy is designed to satisfy investors' growing requirements for high quality, safe, inflation protected income flows.

At 30 June 2019, the Group's investment property portfolio (adjusted for the sale of eight hospitals after the balance sheet date) was valued at GBP2.1 billion, producing GBP111.1 million per annum of rental income from long term leases with a weighted average unexpired term to expiry of 21.5 years with no breaks. All rental income is subject to fixed uplifts or RPI upwards only rent reviews with 59% of rental income subject to RPI-linked reviews and 41% having fixed uplifts.

The Group's portfolio comprises key operating assets let to strong businesses in defensive sectors with high barriers to entry. The RPI-linked rent reviews and fixed rental uplifts combine with fixed cost debt to drive healthy dividend growth, creating attractive and predictable returns.

The Company is advised by Prestbury Investments Partners Limited, owned by the team which advised Max Property Group plc until August 2014, when all of the assets of Max Property Group plc were sold to Blackstone Group. Prestbury is owned and run by a team of real estate and finance professionals including Nick Leslau, Mike Brown, Tim Evans, Ben Walford and Sandy Gumm.

The Company's Board is chaired by Martin Moore together with three further independent Directors: Leslie Ferrar, Jonathan Lane and Ian Marcus, as well as three members of the Prestbury Team: Nick Leslau, Mike Brown and Sandy Gumm.

The Company is a UK REIT which floated on the AIM market of the London Stock Exchange in June 2014.

The Company's LEI is 213800M1VI451RU17H40

Further information on Secure Income REIT is available at www.SecureIncomeREIT.co.uk.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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December 10, 2019 07:22 ET (12:22 GMT)

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