Business
Independent Review of IM Arrangements - Update
Independent Review of IM Arrangements - Update.
About this update from Social Housing Reit Plc
[{"type":"text","content":"\n\n \n16 August 2024\n \nTriple Point Social Housing REIT plc\n(the \"Company\" or, together with its subsidiaries, the \"Group\")\n \nINDEPENDENT REVIEW OF INVESTMENT MANAGEMENT ARRANGEMENTS - UPDATE\n \nFurther to the announcement on 17 May 2024, the Board of Triple Point Social Housing REIT plc (ticker: SOHO) announces an update on the independent review of the investment management arrangements for the Company which is currently underway (the \"IMA Review\").\n \nThe Board has been encouraged by the number and quality of proposals that were received in respect of the IMA Review. Significant progress in the selection process has been made, and it is now expected that the outcome of the IMA Review will be notified to the market not later than the date of the Company's interim results announcement which is expected to be released on 13 September 2024.\n \n \nFOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:\n\n\n\n\n Triple Point Social Housing REIT plc\n\n\nVia Brunswick Group\n\n\n\n\n Chris Phillips\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Akur Limited (Joint Financial Adviser)\n\n\[email protected]\n\n\n\n\n Siobhan Sergeant\n\n\n\n\n\n\n\n Tom Frost\n\n\n\n\n\n\n\n Anthony Richardson\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Brunswick Group (Financial PR Adviser)\n\n\nTel: 020 7404 5959\n\n\n\n\n Nina Coad\n\n\n\n\n\n\n\n Robin Wrench\n\n\n\n\n\n\n\n Mara James\n\n\n\n\n\n\n\n \nThe Company's LEI is 213800BERVBS2HFTBC58.\n \nFurther information on the Company can be found on its website at www.triplepointreit.com.\n \nNOTES:\n \nThe 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.\n \nThe Company was admitted t...