Residential Secure Income plc is a United Kingdom-based real estate investment trust. The Company is implementing a managed wind-down of its Shared Ownership portfolio. The Company has approximately 724 homes in its Shared Ownership portfolio. The Company's fund manager is Gresham House Asset Management Limited.
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Trust Information
About this company
Objective
The Company's investment policy permits the return of available cash and/or ordinary shares in an issuer listed on the Official List and admitted to trading on the main market operated by London Stock Exchange plc to Shareholders, following the repayment of the Group’s borrowings.
Costs
- Ongoing charge1.34%
- Annual management charge -
- Performance feeNo
Fee structure
The Fund Manager Fee is charged annually based on the average of ReSI plcs market capitalisation and Net Asset Value, with a tiered structure 1.00% on amounts up to 250 million 0.90% on amounts between 250 million and 500 million 0.80% on amounts between 500 million and 1,000 million 0.70% on amounts above 1,000 million These rates apply progressively across each portion of the Net Asset Value.
Value Assessment
- Value Assessment review date26 April 2023
- Value Assessment next review date31 December 2023
- Is Assessment of Value required under COLL?No
- Outcome of COLL Assessment of Valuen/a
- Outcome of PRIN Value Assessment or reviewProduct expected to provide fair value for reasonably foreseeable period
- Other review related to value and or charges -
- Further information-
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Key facts
- CurrencyGBX
- BenchmarkFTSE All-Share
- Shares in issue194.15m
- Gross gearing115.00%
- EPICRESI
- ISINGB00BYSX1508
- DomicileUnited Kingdom
- ExchangeLondon Stock Exchange (LON)
- IndexFTSE All Share Index
- Website
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Overview of the company, currency, shares in issue, EPIC, location, exchange, index, website, Data sourced by LSEG. Objective, Costs, Fee Structure, Key facts including Benchmark, Gross gearing are provided by MorningStar.