Residential Secure Income plc (the "Company")
Change of Company Secretary, Registrar, and Registered Office
The Company announces that it has appointed Computershare Company Secretarial Services Limited and Computershare Investor Services plc as Company Secretary and Registrar respectively, with effect from 25 January 2021.
The Company also announces that its registered office address will change with effect from 25 January 2021 to: The Pavilions, Bridgwater Road, Bristol, United Kingdom, BS13 8FD.
Name of contact and telephone number for enquiries:
ReSI Capital Management Limited / Gresham House Housing +44 (0)207 382 0900
Residential Secure Income plc (LSE: RESI) is a real estate investment trust (REIT) listed on the premium segment of the Main Market of the London Stock Exchange with the objective of delivering secure inflation linked returns by investing in affordable shared ownership, retirement and Local Authority housing throughout the UK.
RESI targets a secure, long-dated, inflation-linked dividend of 5.0 pence per share p.a. (paid quarterly) and a total return in excess of 8.0% per annum. Including recent committed acquisitions, RESI&s;s portfolio comprises 2,802 properties, with an (unaudited) IFRS fair value of £322m.
RESI aims to make a meaningful contribution to alleviating the UK housing shortage by 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 new affordable housing. RESI&s;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 Limited can acquire affordable housing subject to s106 planning restrictions and housing funded by government grant.
Acquisitions by RESI are limited to homes with sufficient cashflows, counterparty credit quality and property security to be capable of supporting long‑term investment grade equivalent debt. RESI does not manage or operate stock and uses experienced and credit-worthy third-party managers.
RESI is managed by ReSI Capital Management Limited, whose immediate parent company, TradeRisks Limited, has been active within the social housing sector for over 19 years as a funding arranger and advisor and, over the last three years, as an investor through RESI.
ReSI Capital Management and its parent, TradeRisks, were acquired by Gresham House in March 2020, further increasing the investment expertise available to RESI. The housing investment team at Gresham House has 15 members and growing, with an average of 20 years&s; relevant experience, covering fund management, housing investment, social housing management and financial and risk expertise.
Gresham House plc is a London Stock Exchange quoted specialist alternative asset manager committed to operating responsibly and sustainably, taking the long view in delivering sustainable investment solutions.
Further information on RESI is available at www.resi-reit.com
Further information on Gresham House is available at www.greshamhouse.com