Residential Secure Income, a newly established investment trust, is seeking to raise up to £300m through an initial public offering (IPO) on the London Stock Exchange.
The company has announced its intential to apply for the admission of its ordinary shares to the premium listing segment of the Financial Conduct Authority's Official List and to be admitted to trading on the main market for listed securities of the London Stock Exchange. It has a fully independent board of non-executive directors and has appointed ReSI Capital Management, a wholly-owned subsidiary of TradeRisks Limited, as its alternative investment fund manager. The new investment trust is set to allocate the funds raised to residential asset classes that comprise the stock of UK so...
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