PRS REIT PLC (The) Dividend Declaration (7502F)

TIDMPRSR

RNS Number : 7502F

PRS REIT PLC (The)

31 October 2018

31 October 2018

PRSR.L

The PRS REIT plc

("Company" or "PRS REIT")

Dividend Declaration

The PRS REIT, the closed-ended real estate investment trust established to invest in new-build homes in the Private Rented Sector ("PRS"), is pleased to declare today an interim quarterly dividend of 1.0 pence per ordinary share in respect of the first quarter period, covering 1 July 2018 to 30 September 2018. This dividend will be payable on 30 November 2018 to shareholders on the register on 9 November 2018. The ex-dividend date will be 8 November 2018.

The dividend will comprise a Property Income Distribution ("PID") of 0.5 pence per share in respect of the Company's tax exempt property rental business and a non-PID dividend of 0.5 pence per share.

The Company continues to target a total dividend of 5.0 pence per ordinary share(1) for the year from 1 July 2018 to 30 June 2019.

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, James Moat, Ben Farrow 
 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. It has raised a total of GBP500m (gross) through its Initial Public Offering, on 31 May 2017, and a subsequent placing in February 2018. Both fundraisings were supported by the UK Government's Homes England with direct investments.

LEI: 21380037Q91HU97WZX58

About Sigma Capital Group plc

(www.sigmacapital.co.uk)

Sigma Capital Group plc is a private rented sector, residential development, and urban regeneration specialist, with offices in Edinburgh, Manchester and London. Sigma's principal focus is on the delivery of large scale housing schemes for the private rented sector. It has a well-established track record in assisting with property-related regeneration projects in the public sector, acting as a bridge between the public and private sectors. Its subsidiary, Sigma PRS Management Limited, is Investment Adviser to The PRS REIT plc.

About Sigma PRS Management Limited

Sigma PRS Management Limited is a wholly-owned subsidiary of AIM-quoted Sigma Capital Group plc and is Investment Adviser to The PRS REIT plc. It sources investments and manages the assets of The PRS REIT plc and advises the Alternative Investment Fund Manager ("AIFM") and The PRS REIT plc on a day-to-day basis in accordance with The PRS REIT plc's Investment Policy. The Investment Adviser is an appointed representative (reference number: 776293) of the AIFM.

Dividend withholding tax deductions

Shareholders entitled to elect to receive distributions without deduction for withholding tax should complete the declaration form which is available in the Investor Centre of the Company's website, www.theprsreit.com, or by request to [e-mail] or by writing to the Company Secretary, The PRS REIT plc, 18 Alva Street, Edinburgh EH2 4QG. Shareholders who qualify for gross payments are, principally, UK resident companies, certain UK public bodies, UK charities, UK pension schemes and the managers of ISAs, PEPs and Child Trust Funds, in each case subject to certain conditions. Individuals and non-UK residents do not qualify for gross payments of distributions and should not complete the declaration form.

(1) This is a target only and there can be no assurance that the target can or will be met and should not be taken as an indication of the Company's expected or actual future results. Accordingly, potential investors should not place any reliance on this target in deciding whether or not to invest in the Company or assume that the Company will make any distributions at all and should decide for themselves whether or not the target dividend yield is reasonable or achievable.

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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October 31, 2018 03:00 ET (07:00 GMT)