Company Announcements

12 May 2020

Secure Income REIT Plc

(the "Company")

2020 Annual General Meeting arrangements

Further to its announcement of 8 April 2020, the Company confirms that its AGM will be held on Thursday 21 May 2020 at Cavendish House, 18 Cavendish Square, London W1G 0PJ at 9.30am. 

In light of the Government's continued advice regarding the COVID-19 pandemic, which prohibits public gatherings and unnecessary travel, the AGM this year will be a closed meeting, therefore we regret that shareholders will not be able to attend.

Shareholder participation in the meeting is, however, encouraged by casting votes through the appointment of a proxy in accordance with the guidance provided in the notice of meeting and the notes accompanying it.  Any shareholders wishing to submit a question to the Board in advance may do so via email, stating your name and your shareholder reference number (as printed on your share certificate or obtained by contacting the Registrar, whose details appear in the notes to this announcement) to enquiries@SecureIncomeREIT.co.uk by 9:30am on Wednesday, 20 May.

The Company will ensure that all legal requirements of the meeting, in accordance with its Articles of Association, are satisfied through the attendance in person of the minimum number of two shareholders, with social distancing measures in place.  The format of the meeting will be purely functional and the Company's advisors will not be present.

For further information on the Company, please contact:

About Secure Income REIT Plc:

Secure Income REIT specialises in generating long term, inflation protected, secure income from real estate investments. Its investment strategy is designed to satisfy investors' growing requirements for high quality, safe, inflation protected income flows.

At 31 December 2019, the Group's investment property portfolio was valued at £2.1 billion, producing £110.7 million per annum of rental income from long term leases with a weighted average unexpired term to expiry of 21.0 years with no breaks.  All rental income is subject to fixed uplifts or RPI upwards only rent reviews with 59% of rental income subject to RPI-linked reviews and 41% having fixed uplifts.

The Group's portfolio comprises key operating assets let to strong businesses in defensive sectors with high barriers to entry.  The upwards only RPI-linked rent reviews and fixed rental uplifts combine with fixed cost debt to drive healthy dividend growth, creating attractive and predictable returns.

The Company is advised by Prestbury Investment Partners Limited, owned by the team which advised Max Property Group Plc until August 2014, when all of the assets of Max Property Group Plc were sold to Blackstone Group.  Prestbury is owned and run by a team of real estate and finance professionals including Nick Leslau, Mike Brown, Tim Evans, Ben Walford and Sandy Gumm.

The Company's Board is chaired by Martin Moore together with three further independent Directors: Leslie Ferrar, Jonathan Lane and Ian Marcus, as well as three members of the Prestbury Team: Nick Leslau, Mike Brown and Sandy Gumm.

The Company is a UK REIT which floated on the AIM market of the London Stock Exchange in June 2014.

The Company's LEI is 213800M1VI451RU17H40.

Further information on Secure Income REIT is available at www.SecureIncomeREIT.co.uk.

The Registrar's contact details are:

Link Asset Services Limited

The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU

ShareholderEnquiries@LinkGroup.co.uk 

Helpline: 0371 664 0300

Calls to the helpline are charged at the standard geographic rate and will vary by provider.  Calls from outside the United  Kingdom will be charged at the applicable international rate.  Lines are open between 09:00 and 17:30, Monday to Friday excluding public holidays in England and Wales.