Liberum appointed as Joint Corporate Broker to Civitas Social Housing
We are pleased to announce that Liberum has been appointed as Joint Broker to Civitas Social Housing PLC.
Civitas Social Housing PLC (“Civitas”) is the first real estate investment trust dedicated to investing exclusively into existing portfolios of built social homes in England and Wales.
The REIT is focused on the specialist supported housing sub-sector. Civitas’ investment objective is to provide shareholders with an attractive level of income, together with the potential for capital growth from investing in a portfolio of social homes, which it expects will benefit from inflation adjusted long-term leases or occupancy agreements with Housing Associations or Local Authorities and to deliver, on a fully invested and geared basis, a targeted dividend yield of 5% per annum by reference to IPO issue price of 100p per share.
Civitas is listed on the Premium Segment of the Main Market and is a FTSE All-Share constituent.
Investment Banking – Steve Pearce, Gillian Martin, Owen Matthews
Research – Conor Finn
Sales – Andrew Davies, Anastasia Mikhailova, Jack Kershaw
CIR - Natalie Clarke