TIDMPRSR

RNS Number : 4678Z

PRS REIT PLC (The)

20 May 2019

20 May 2019

PRSR.L

The PRS REIT plc

(the "Company" or "PRS REIT")

Debt Facilities

The PRS REIT, the closed-ended real estate investment trust established to invest in new-build homes for the Private Rented Sector ("PRS"), is pleased to announce that a further GBP200m of debt facilities has been approved with Scottish Widows and Lloyds Bank.

The facilities were negotiated by the Company's Investment Adviser, Sigma PRS Management Limited, and bring the total gross balance of deployable funds available to the Company to GBP900m. These funds are already fully committed to development sites that, once finished, are expected to create a portfolio of c.5,600 high quality new rental homes. Last week, the Company was pleased to announce that it had taken delivery of its 1,000(th) home.

For further information, please contact:

 
The PRS REIT plc                  Tel: 020 3178 6378 (c/o KTZ 
 Steve Smith, Non-executive        Communications) 
 Chairman 
 
Sigma PRS Management Limited      Tel: 0333 999 9926 
 Graham Barnet, Graeme Hogg 
 
N+1 Singer                        Tel: 020 7496 3000 
 James Maxwell, James Moat, 
 Ben Farrow 
 
Stifel                            Tel: 020 7710 7600 
 Mark Young, Neil Winward, Gaudi 
 Le Roux 
 
G10 Capital Limited (AIFM)        Tel: 020 3696 1302 
 Gerhard Grueter 
 
KTZ Communications                Tel: 020 3178 6378 
 Katie Tzouliadis, Dan Mahoney

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 an appointed representative of G10 Capital Limited which is authorised and regulated by the Financial Conduct Authority (FRN:648953) and 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.

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 rns@lseg.com or visit www.rns.com.

END

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May 20, 2019 02:00 ET (06:00 GMT)

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