Triple Point Social Housing REIT Independent Review of IM Arrangements - Update

RNS Number : 9558O

Triple Point Social Housing REIT

17 May 2024

 

17 May 2024

 

Triple Point Social Housing REIT plc

(the "Company" or, together with its subsidiaries, the "Group")

 

INDEPENDENT REVIEW OF INVESTMENT MANAGEMENT ARRANGEMENTS - UPDATE

 

Further to the 9 May 2024 announcement, the Board announces that it has appointed Akur Limited to conduct the independent review of investment management arrangements.  As previously announced, this review will comprise the benchmarking of market precedents and engagement with other market participants, which will include inviting proposals from Triple Point Investment Management LLP as well as potential alternative investment managers.

 

The Board will update shareholders in due course on the outcome of the review process which is expected to be completed within three months.

 

 

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

 

Triple Point Social Housing REIT plc	Via Brunswick Group
Chris Phillips
Akur Limited (Joint Financial Adviser)	[e-mail]
Siobhan Sergeant
Tom Frost
Anthony Richardson
Stifel Nicolaus Europe Limited (Joint Financial Adviser and Corporate Broker)	Tel: [phone]
Mark Young
Rajpal Padam
Madison Kominski
Brunswick Group (Financial PR Adviser)	Tel: [phone]
Nina Coad
Robin Wrench
Mara James

 

The Company's LEI is 213800BERVBS2HFTBC58.

 

Further information on the Company can be found on its website at www.triplepointreit.com.

 

NOTES:

 

The Company invests in primarily newly developed social housing assets in the UK, with a particular focus on supported housing. The majority of the assets within the portfolio are subject to inflation-linked, long-term, Fully Repairing and Insuring ("FRI") leases with Approved Providers (being Housing Associations, Local Authorities or other regulated organisations in receipt of direct payment from local government). The portfolio comprises investments into properties which are already subject to a lease with an Approved Provider, as well as forward funding of pre-let developments but does not include any direct development or speculative development.

 

The Company was admitted to trading on the Specialist Fund Segment of the Main Market of the London Stock Exchange on 8 August 2017 and was admitted to the premium segment of the Official List of the Financial Conduct Authority and migrated to trading on the premium segment of the Main Market on 27 March 2018.  The Company operates as a UK Real Estate Investment Trust ("REIT") and is a constituent of the FTSE EPRA/NAREIT index.

 

 

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