TIDMCSH

Civitas Social Housing PLC

12 September 2019

Civitas Social Housing - Update research from QuotedData

12(th) September 2019

Targeting full dividend cover

Civitas Social Housing (CSH) has secured a new GBP60m debt facility that it will use to buy new properties. This will increase its rental income and move CSH very close to full dividend cover. CSH has the option to extend the new loan by another GBP40m and is also in advanced negotiations to secure a separate GBP70m loan. QuotedData estimates that, if CSH moves to a fully invested position, which it expects to by the end of March 2020, it should comfortably be able to fully cover its dividend from operations.

Full research:

https://quoteddata.com/research/civitas-social-housing-targeting-full-dividend-cover/

This research is also available free on our website www.quoteddata.com where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required.

NB: Marten & Co was paid to produce this note on Civitas Social Housing and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the FCA. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

QUOTEDDATA

123a Kings Road | London SW3 4PL

Tel: +44 (0) 20 3691 9430

www.quoteddata.com | research@quoteddata.com | www.martenandco.com

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

NRAUURURKUAKAAR

(END) Dow Jones Newswires

September 12, 2019 08:05 ET (12:05 GMT)

Civitas Social Housing (LSE:CSH)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Civitas Social Housing Charts.
Civitas Social Housing (LSE:CSH)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Civitas Social Housing Charts.