22 January 2025
Residential Secure Income
plc
Dividend
Declaration
Residential Secure Income plc
("ReSI)", or the
"Company") (LSE: RESI),
which invests in independent retirement living and shared ownership
to deliver secure, inflation-linked returns, is pleased to declare
an interim dividend of 1.03 pence per Ordinary Share to be paid in
the financial year to 30 September 2024.
The full 1.03 pence of the dividend
will be paid as a Property Income Distribution ("PID") in respect of the Company's
tax-exempt property rental business.
This dividend will be paid on 21
February 2025 to Shareholders on the register as at 31 January
2025. The ex-dividend date is 30 January 2025.
ReSI intends to pay dividends to
Shareholders on a quarterly basis and in accordance with the REIT
regime.
For
further information, please contact:
|
Gresham House Real Estate
Ben Fry
Sandeep Patel
|
+44 (0) 20 7382 0900
|
|
Peel Hunt LLP
Luke Simpson
Huw Jeremy
|
+44 (0) 20 7418 8900
|
|
KL Communications
Charles Gorman
Charlotte Francis
|
gh@kl-communications.com
+44 (0) 20 3995 6673
|
About ReSI plc
ReSI plc (LSE: RESI) is a real
estate investment trust (REIT) focused on delivering secure,
inflation-linked returns with a focus on two residential
sub-sectors in UK residential - independent retirement rentals and
shared ownership - underpinned by an ageing demographic and
untapped and strong demand for affordable home
ownership.
ReSI plc's purpose is to deliver
affordable, high-quality, safe homes with great customer service
and long-term stability of tenure for residents. We achieve this
through meeting demand from housing developers, housing
associations, local authorities, and private developers for
long-term investment partners to accelerate the development of
socially and economically beneficial affordable housing.
ReSI plc's subsidiary, ReSI Housing
Limited, is registered as a for-profit Registered Provider of
social housing, and so provides a unique proposition to its housing
developer partners, being a long-term private sector landlord
within the social housing regulatory environment. As a Registered
Provider, ReSI Housing can acquire affordable housing subject to
s106 planning restrictions and housing funded by government
grant.
In December 2024, shareholders voted
for and accepted a new investment objective which seeks to realise
all the existing assets in the Company's portfolio in an orderly
manner. The Company will pursue its investment objective by
effecting an orderly realisation of its assets while seeking to
balance maximising returns for Shareholders against timing of
disposals whilst ensuring the interests of
residents are protected. Capital expenditure will
be permitted where it is deemed necessary or desirable in
connection to the realisation, primarily where such expenditure is
necessary to protect or enhance an asset's realisable value,
to comply with statutory or regulatory obligations, to protect
other stakeholders, to comply with the terms of any funding
arrangement or to facilitate orderly disposals.
About Gresham House and Gresham House Real
Estate
Gresham House is an alternative
asset manager committed to operating responsibly and sustainably,
taking the long view in delivering sustainable investment
solutions.
Gresham House Real Estate offers
long-term equity investments into UK housing, through listed and
unlisted housing investment vehicles, each focused on addressing
different areas of the affordable housing problem. Each fund aims
to deliver stable and secure inflation-linked returns whilst
providing social and environmental benefits to its residents, the
local community, and the wider economy.
Further information on ReSI plc is
available at www.resi-reit.com,
and further information on Gresham House is available
at www.greshamhouse.com
