Residential Secure Income PLC Satisfies Fund Management Fee
Why we think this is neutral
This RNS announcement is a routine update on the satisfaction of the Equity Portion of the Fund Management Fee. It does not contain any significant news that would impact the company's performance or outlook.
Key Points
- ReSI has purchased 124,810 Ordinary Shares to satisfy the equity portion of its fund management fee
- The shares are subject to a 12-month lock-in period
Summary
The real estate investment trust has purchased Ordinary Shares to satisfy the equity portion of its fund management fee.
Residential Secure Income plc (ReSI) has announced that it has purchased 124,810 Ordinary Shares in the secondary market to satisfy the equity portion of its fund management fee to Gresham House Asset Management Limited. The shares are subject to a minimum lock-in period of 12 months.
GENERAL UPDATE