Residential Sec Regulatory News (RESI)

29 April 2019

Residential Secure Income plc (the "Company")

Dividend Declaration

Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in affordable shared ownership, retirement and local authority housing, is pleased to declare an interim dividend of 1.25 pence per Ordinary Share for the period from 1 January 2019 to 31 March 2019.

1.125 pence of the dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax exempt property rental business and 0.125 pence will be paid as an Ordinary UK dividend ("non-PID"). The dividend will be paid on 7 June 2019 to Shareholders on the register as at 10 May 2019. The ex-dividend date is 9 May 2019.

Including this interim dividend, the Company will have paid 2.50 pence per Ordinary Share for the financial year beginning on 1 October 2018. For this financial year, ReSI is targeting a dividend yield of 5% per annum based on the issue price of 100 pence per Ordinary Share. Over time, ReSI expects its dividends to increase broadly in line with inflation, and targets a total return in excess of 8% per annum1. ReSI intends to pay dividends to Shareholders on a quarterly basis and in accordance with the REIT regime.

1 These are targets only and not a profit forecast. There can be no assurance that the targets will be met.

FOR FURTHER INFORMATION, PLEASE CONTACT: 

FTI Consulting +44 (0) 20 3737 1000

Richard Sunderland Email: resi@fticonsulting.com

Claire Turvey

Richard Gotla

The Company's LEI is: 213800D24WA531LAR763

About Residential Secure Income plc

Residential Secure Income plc (LSE: RESI) is listed on the premium segment of the Official List of the UK Listing Authority and was admitted to trading on the Main Market of the London Stock Exchange in July 2017.

ReSI invests in shared ownership and rental portfolios of Homes across residential asset classes that comprise the stock of Housing Associations and Local Authorities throughout the UK. To date it has committed c. £300 million, comprising a portfolio of 2,674 properties, across a mixture of shared ownership, local authority and retirement housing.

ReSI is managed by ReSI Capital Management Limited, a wholly owned subsidiary of TradeRisks Limited which has an 18 year track record of executing transactions within the UK social housing sector and, to date, has arranged funding of over £10 billion in the social housing, care and other specialist residential property sectors.

ReSI seeks to deliver secure, long-dated, inflation-linked income returns through investment in UK social housing. It aims to meet demand from housing developers (Housing Associations, Local Authorities and private developers) for long-term investment partners who support them to accelerate development of socially and economically beneficial new housing making a meaningful contribution to the UK housing shortage.

Homes acquired by ReSI are predominantly be on a freehold or long leasehold basis (typically 99 years or more to maturity) and benefit from long term (typically 20 years plus) inflation-adjusted cash flows. Acquisitions by ReSI are limited to homes with sufficient cashflows, counterparty credit quality and property security that allow the Fund Manager to arrange long-term investment grade equivalent debt.

Further information on ReSI is available at www.resi-reit.com