Residential Secure Income PLC Notice of AGM (8412V)
November 07 2017 - 11:09AM
UK Regulatory
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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