TIDMPRSR TIDMSGM

RNS Number : 6255M

PRS REIT PLC (The)

30 April 2018

30 April 2018

PRSR.L

The PRS REIT plc

(the "Company" or the "PRS REIT")

Dividend Declaration

The PRS REIT, the closed ended real estate trust established to invest in new-build homes in the Private Rented Sector is pleased to declare today an interim dividend in respect of the period to 31 March 2018 of 1.0 pence per ordinary share payable on 31 May 2018 to shareholders on the register on 11 May 2018. The ex-dividend date will be 10 May 2018.

The dividend will comprise of a Property Income Distribution (PID) of 0.5 pence per share in respect of the Company's tax exempt property rental business and a non-PID dividend of 0.5 pence per share.

As previously reported, the Company is targeting a total dividend of 5.0 pence per ordinary share for the period from launch to 30 June 2018, and 5.0 pence per ordinary share for the year from 1 July 2018 to 30 June 2019.*

For further information, please contact:

 
 The PRS REIT plc                         Tel: +44 (0)20 3178 
  Steve Smith, Non-executive Chairman      6378 
 Sigma PRS Management Limited             Tel: +44 (0)333 999 
  Graham Barnet                            9926 
  Graeme Hogg 
 N+1 Singer                               Tel: +44 (0)20 7496 
  James Maxwell, Liz Yong                  3000 
 Stifel                                   Tel: +44 (0)20 7710 
  Mark Young, Neil Winward, Tunga          7600 
  Chigovanyika 
 G10 Capital Limited (AIFM)               Tel: +44 (0)20 3696 
  Gerhard Grueter, Anthony Wood,           1302 
  Gaia Udage 
 KTZ Communications                       Tel: +44 (0)20 3178 
  Katie Tzouliadis, Irene Bermont-Penn,    6378 
  Emma Pearson

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. In its Initial Public Offering, on 31 May 2017, the Company raised GBP250m gross equity capital and, on 20 February 2018, it raised a further GBP250m (gross) through an additional Placing. Both fundraisings were supported by the UK Government's Homes England with direct investments totaling c. GBP30m.

Dividend withholding tax deductions

Shareholders entitled to elect to receive distributions without deduction for withholding tax should complete the declaration form which is available in the Investor Centre of the Company's website, www.theprsreit.com, or by request to info@theprsreit.com or by writing to the Company Secretary, 18 Alva Street, Edinburgh EH2 4QG. Shareholders who qualify for gross payments are, principally, UK resident companies, certain UK public bodies, UK charities, UK pension schemes and the managers of ISAs, PEPs and Child Trust Funds, in each case subject to certain conditions. Individuals and non-UK residents do not qualify for gross payments of distributions and should not complete the declaration form.

*The dividend and return targets stated above are targets only and not a profit forecast. There can be no assurance that these targets will be met and they should not be taken as an indication of the Company's expected future results.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 30, 2018 11:06 ET (15:06 GMT)

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