SOHO Social Housing Reit Plc

TIDMSOHO

RNS Number : 1859B

Triple Point Social Housing REIT

19 September 2018

19 September 2018

Triple Point Social Housing REIT plc

(the "Company" or, together with its subsidiaries, the "Group")

DIVIDEND DECLARATION

Further to the announcement today in respect of the proposed issue of ordinary shares in the Company ("Ordinary Shares") (the "Issue"), the Board of Directors of Triple Point Social Housing REIT plc (ticker: SOHO) has declared an interim dividend in respect of the period from 1 July to 30 September 2018 of 1.25 pence per Ordinary Share, payable on or around 31 October 2018 to holders of Ordinary Shares on the register on 28 September 2018. The ex-dividend date will be 27 September 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 0.5 pence will be paid as an ordinary UK dividend ("non-PID").

The Company is targeting an aggregate dividend of 5 pence per Ordinary Share in respect of the financial year ending 31 December 2018(1) .

New Ordinary Shares issued pursuant to the Issue will be eligible for dividends declared with a record date falling after the admission date of 22 October 2018. As such, these new Ordinary Shares will be eligible for the dividend declared in respect of the quarter ending 31 December 2018 but not the dividend declared today.

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 Management       (via Newgate below) 
  LLP 
  (Delegated Investment Manager) 
 James Cranmer 
 Ben Beaton 
 Max Shenkman 
 
 Akur Limited (Joint Financial Adviser)   Tel: 020 7493 3631 
 Tom Frost 
 Anthony Richardson 
 Siobhan Sergeant 
 
 Canaccord Genuity Limited (Joint         Tel: 020 7523 8000 
  Financial Adviser and Corporate 
  Broker) 
 Lucy Lewis 
 Denis Flanagan 
 Andrew Zychowski 
 
 Newgate (PR Adviser)                     Tel: 020 7680 6550 
 James Benjamin                           Em: triplepoint@newgatecomms.com 
 Anna Geffert 
 
 Langham Hall UK Services LLP (Company    Em: triplepoint-cosec@langhamhall.com 
  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 ("REIT") and is a constituent of the FTSE EPRA/NAREIT index.

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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September 19, 2018 02:01 ET (06:01 GMT)

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