Civitas Social Housing PLC Dividend Declaration and Investment Update (0247V)

TIDMCSH

RNS Number : 0247V

Civitas Social Housing PLC

31 October 2017

31 October 2017

CIVITAS SOCIAL HOUSING PLC

("Civitas" or the "Company")

Dividend Declaration and Investment Update

The Board of Civitas Social Housing PLC ("Board"), the first London listed REIT dedicated to investing into regulated social housing in England and Wales, is pleased to announce a third quarterly dividend and a commentary on the continued success in the deployment of capital.

Dividend Declaration

The Board has today declared a third quarterly dividend in respect of the three months to 30 September 2017 of 0.75 pence per ordinary share, payable on or around 30 November 2017 to shareholders on the register on 10 November 2017. The ex-dividend date will be 9 November 2017. The dividend will be paid as an ordinary UK dividend.

As noted previously, the Company is targeting a total dividend of 3.0 pence per ordinary share for the period ending 31 December 2017 and 5.0 pence per ordinary share in the calendar year from 1(st) January 2018 to 31 December 2018.

Investment Update

In the period since IPO to 31(st) October 2017 the Company has made the following investments and created a nationally based, diversified portfolio of regulated social housing in England and Wales.

 
 Period                  31-Mar-17   30-Jun-17   30-Sep-17   31-Oct-17 
----------------------  ----------  ----------  ----------  ---------- 
 Investment (GBPm)          106         206         284         302 
----------------------  ----------  ----------  ----------  ---------- 
 Properties                 82          167         282         311 
----------------------  ----------  ----------  ----------  ---------- 
 Tenancies                  487        1,130       1,820       1,935 
----------------------  ----------  ----------  ----------  ---------- 
 Local Authorities          32          68          82          85 
----------------------  ----------  ----------  ----------  ---------- 
 Housing Associations        5           7          10          10 
----------------------  ----------  ----------  ----------  ---------- 
 Care Providers             25          42          50          53 
----------------------  ----------  ----------  ----------  ---------- 
 

The Company is pleased to note the breadth of opportunity and sector relationships that Civitas Housing Advisers Limited, the exclusive Investment Adviser, has developed on behalf of the Company.

As noted previously, the Investment Adviser has developed a significant pipeline of additional opportunities. On 28th September 2017, the Company announced a C Share fund raising to ensure continuity of investment and to capitalise on a wide range of investment opportunities including those from signed framework agreements with vendors that are now available to the Company.

Quarterly Fact Sheet

The Company has today published its Fact Sheet for the quarter to 30 September 2017 and this is available to view on the Company's web site http://civitassocialhousing.com/investor-relations/reports-and-publications/.

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, please contact:

Civitas Housing Advisors Limited

   Paul Bridge                           Tel: [phone] 
   Andrew Dawber                   Tel: [phone] 

Cenkos Securities PLC

   Sapna Shah                           Tel: [phone] 
   Tom Scrivens                        Tel: [phone] 

Pagefield

   Philip Dennis                       Tel: [phone] 
   David Leslie                          Tel: [phone] 

Notes:

Civitas Social Housing PLC is the first Real Estate Investment Trust offering pure play exposure to social housing in England and Wales. The Company is managed by Civitas Housing Advisors Limited. The Company is listed on the premium listing segment of the Official List of the Financial Conduct Authority and was admitted to trading on the main market for listed securities of the London Stock Exchange in November 2016.

This information is provided by RNS

The company news service from the London Stock Exchange

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October 31, 2017 03:00 ET (07:00 GMT)