Triple Point Social Housing REIT Dividend Declaration (9961N)
May 14 2018 - 6:50AM
UK Regulatory
TIDMSOHO
RNS Number : 9961N
Triple Point Social Housing REIT
14 May 2018
14 May 2018
Triple Point Social Housing REIT plc
(the "Company" or, together with its subsidiaries, the
"Group")
DIVIDEND DECLARATION
The Board of Directors of Triple Point Social Housing REIT plc
(tickers: SOHO and SOHC) has declared an interim dividend in
respect of the period from 1 January to 31 March 2018 of 1.25 pence
per ordinary share in the Company ("Ordinary Share"), payable on or
around 29 June 2018 to holders of Ordinary Shares on the register
on 25 May 2018. The ex-dividend date will be 24 May 2018.
0.75 pence of this dividend will be paid as a Property Income
Distribution ("PID") in respect of the Company's tax exempt
property rental business and 0.50 pence will be paid as an ordinary
UK dividend ("non-PID").
The Company is targeting an aggregate dividend of 5 pence per
Ordinary Share for the year ending 31 December 2018(1) .
Holders of C shares in the Company ("C Shares") will not
participate in dividends payable to holders of Ordinary Shares.
Holders of C Shares will, however, participate in a fixed dividend
of 3 per cent. per annum (based on a C Share price of 100 pence),
payable on a quarterly basis. The first dividend payable to holders
of C Shares will be for the period from admission to trading on 27
March 2018 to 30 June 2018 which is anticipated to be paid in
September 2018.
Note:
1 The target dividend is a target only and not a forecast. There
can be no assurance that the target will be met and it should not
be taken as an indication of the Company's expected or actual
future results.
FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:
Triple Point Investment (via Newgate below)
Management LLP
(Delegated Investment Manager)
James Cranmer
Ben Beaton
Max Shenkman
Akur Limited (Joint Financial Tel: 020 7493 3631
Adviser)
Tom Frost
Anthony Richardson
Siobhan Sergeant
Canaccord Genuity Limited Tel: 020 7523 8000
(Joint Financial Adviser
and Sole Global Coordinator
and Bookrunner)
Lucy Lewis
Denis Flanagan
Andrew Zychowski
Newgate (PR Adviser) Tel: 020 7680 6550
James Benjamin Em: triplepoint@newgatecomms.com
Anna Geffert
Patrick Hanrahan
Leena Patel
Langham Hall UK Services Em: triplepoint-cosec@langhamhall.com
LLP (Company Secretary)
The Company's LEI is 213800BERVBS2HFTBC58.
Further information on the Company can be found on its website
at www.triplepointreit.com.
NOTES:
The Company invests in social housing assets in the UK, with a
particular focus on supported housing. The assets within the
portfolio are subject to inflation-adjusted, long-term (typically
from 20 years to 30 years), Fully Repairing and Insuring ("FRI")
leases with Approved Providers (being Housing Associations, Local
Authorities or other regulated organisations in receipt of direct
payment from local government). The portfolio comprises investments
into properties which are already subject to an FRI lease with an
Approved Provider, as well as forward funding of pre-let
developments but does not include any direct development or
speculative development.
There is increasing political and financial pressure on Housing
Associations to increase their housing delivery and this is
creating opportunities for private sector investors to participate
in the market. The Group's ability to provide forward financing for
new developments not only enables the Company to secure fit for
purpose, modern assets for its portfolio but also addresses the
chronic undersupply of suitable supported housing properties in the
UK at sustainable rents and delivering returns to investors.
Triple Point Investment Management LLP (part of the Triple Point
Group) is responsible for management of the Group's portfolio (with
such functions having been delegated to it by Langham Hall Fund
Management LLP, the Company's alternative investment fund
manager).
The Company was admitted to trading on the Specialist Fund
Segment of the Main Market of the London Stock Exchange on 8 August
2017 and was admitted to the premium segment of the Official List
of the Financial Conduct Authority and migrated to trading on the
premium segment of the Main Market on 27 March 2018. The Company
operates as a UK Real Estate Investment Trust.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DIVAIMBTMBIBBTP
(END) Dow Jones Newswires
May 14, 2018 07:50 ET (11:50 GMT)
Triple Point Social Hous... (LSE:SOHO)
Historical Stock Chart
From Apr 2024 to May 2024
Triple Point Social Hous... (LSE:SOHO)
Historical Stock Chart
From May 2023 to May 2024