The PRS REIT (“PRSR”) has announced that it has extended its investment advisory agreement with Sigma Capital. The agreement previously had a 5 year minimum term (with 12m notice) to 31st May 2022. This has now been extended to 31st December 2025 – an additional three and a half years. There are also some changes to the upper tiers of the fee structure, although these do not impact the REIT as the tiers do not apply at its current size. The extension ensures that PRSR will retain access to Sigma ....
20 Jan 2021
Extension of advisory agreement with Sigma
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Extension of advisory agreement with Sigma
PRS REIT Plc (PRSR:LON) | 77.1 -0.1 (-0.1%) | Mkt Cap: 423.5m
- Published:
20 Jan 2021 -
Author:
Andrew Watson -
Pages:
3
The PRS REIT (“PRSR”) has announced that it has extended its investment advisory agreement with Sigma Capital. The agreement previously had a 5 year minimum term (with 12m notice) to 31st May 2022. This has now been extended to 31st December 2025 – an additional three and a half years. There are also some changes to the upper tiers of the fee structure, although these do not impact the REIT as the tiers do not apply at its current size. The extension ensures that PRSR will retain access to Sigma ....