PRS REIT PLC (The) Dividend Declaration (2139W)

TIDMPRSR

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

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 GBP250m gross equity capital and, on 20 February 2018, it raised a further GBP250m (gross) through an additional Placing. Both fundraisings were supported by the UK Government's Homes England with a total of c.GBP30m of direct investment.

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 [e-mail] or visit www.rns.com.

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July 31, 2018 02:02 ET (06:02 GMT)