Dividend Declaration

RNS Number : 2139W

PRS REIT PLC (The)

31 July 2018

 

31 July 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 of 2.5 pence per ordinary share in respect of the period to 30 June 2018. This dividend, which is a Non-Property Income Distribution, will be paid as an ordinary UK dividend, and is payable on 31 August 2018 to shareholders on the register on 10 August 2018. The ex-dividend date will be 9 August 2018.

This brings the total dividend for the period from the launch of the PRS REIT to 30 June 2018, the close of its financial year, to 5.0 pence per ordinary share, in line with the Company's previously reported target.

For further information, please contact:

The PRS REIT plc Steve Smith, Non-executive Chairman	Tel: [phone] (c/o KTZ Communications)
Sigma PRS Management Limited Graham Barnet                                                    Graeme Hogg	Tel: [phone]
N+1 Singer  James Maxwell, Liz Yong, Ben Farrow (Corporate Finance)	Tel: [phone]
Stifel                                                                 Mark Young, Neil Winward, Gaudi Le Roux	Tel: [phone]
G10 Capital Limited (AIFM) Gerhard Grueter, Anthony Wood, Gaia Udage	Tel: [phone]
KTZ Communications Katie Tzouliadis, Emma Pearson	Tel: [phone]

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 £250m gross equity capital and, on 20 February 2018, it raised a further £250m (gross) through an additional Placing. Both fundraisings were supported by the UK Government's Homes England with a total of c.£30m of direct investment.

 

END

 

 

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